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									                                                2011-12
    Virginia Economic Development Partnership




                                                  Virginia Guide to
                                           Local Taxes on Business 




                                                                       

 
INTRODUCTION ......................................................................................................................... iii

TABLES

TABLE 1         Taxes on Real Estate .............................................................................................................................................................. 1

TABLE 2         Manufacturers’ Taxes on Machinery and Tools ....................................................................................................................... 5

TABLE 3         Nonmanufacturers’ Taxes on Tangible Personal Property .................................................................................................... 22

TABLE 4         Exemptions for Rehabilitated Commercial or Industrial Real Estate ..................................................................................... 35

TABLE 5         Exemptions for Certified Pollution Control Property .............................................................................................................. 37

TABLE 6         Exemptions for Energy Conversion Equipment ..................................................................................................................... 39

TABLE 7         Exemptions for Solar Energy Property .................................................................................................................................. 40

TABLE 8         Exemptions for Certified Recycling Equipment...................................................................................................................... 41

TABLE 9         Taxes on Automobiles and Light Trucks................................................................................................................................ 42

TABLE 10        Merchants’ Capital Tax .......................................................................................................................................................... 47

TABLE 11        Business License Tax ............................................................................................................................................................ 49

TABLE 12        Industrial Utility Taxes............................................................................................................................................................ 63

TABLE 13        Local Tax Incentives in Enterprise Zones .............................................................................................................................. 70
 
                                          INTRODUCTION



         Nationally recognized for its conservative fiscal practices, Virginia has one of the fairest and
most stable tax structures of the 50 states. Both businesses and individuals carry their share of the
tax load. The General Assembly has kept taxes on industry competitive and has eliminated many
tax irritants. The state corporate income tax rate, one of the lowest in the nation, has not increased
since 1972. Virginia also offers a very modest local tax bill for industry. Items taxed at the state
level are not taxed at the local level, with the exception of sales and use tax; and Virginia taxes new
and existing industries equally.


Tax Jurisdiction

         This publication summarizes local taxes on businesses by Virginia's cities and counties.
Virginia differs from most states in that its counties and cities are separate taxing entities. A
company pays either county or city taxes, depending upon its location--it does not pay both. If a
company is located within the corporate limits of a town, it pays county taxes and town taxes, except
for utility taxes which are paid only to the town if levied by both jurisdictions. Town rates may be
found in the bulletin, Local Tax Rates, from the Virginia Department of Taxation. In almost every
instance, a town uses the same assessment policy for tax purposes as the county in which it is
located.

       Virginia statutes permit the creation of sanitary and other special purpose districts. If a
company is located in one of these districts, it would pay a modest levy in addition to the basic
county or city levy for some or all property taxes.


Local Taxes on Manufacturers

        At the local level, a Virginia manufacturer is liable for the following taxes:

                *   Real estate tax
                *   Machinery and tool tax
                *   Industrial utility taxes
                *   Tangible personal property tax on road-licensed vehicles

        In Virginia, a manufacturer's inventory, furniture, fixtures, and corporate aircraft are not
taxed, nor does a manufacturer pay business license tax on gross receipts when the sales are at
wholesale and occur at the place of manufacture. Manufacturing companies also receive broad
exemptions from state and local sales and use taxes on purchases used directly in production and in
research and development.




                                                   iii
Merchants' Capital Tax

        Forty-six of Virginia's 95 counties impose a merchants' capital tax. None of Virginia's cities
impose the tax; rather, all 39 cities opt to impose the business license tax discussed below, which is
in lieu of a merchants' capital tax. Thus, a locality may impose either the merchants' capital tax or
the business license tax, not both. Under the merchants' capital tax, "capital" generally is defined as
merchandise for sale, including: inventory of stock on hand, certain daily rental passenger cars, and
certain daily rental property. The situs for assessment and taxation is the locality in which the
property is physically located on the locality's tax day (usually January 1).


Business License Tax

         Localities may impose local license taxes on businesses, trades, professions, occupations,
and callings. Most business license taxes are based on "gross receipts", and localities have the
option of taxing some classifications of business and not taxing others. Table 11 covers five
classifications of businesses as defined by the Virginia Department of Taxation's Guidelines:
retailer, mail order, wholesaler, financial services, and business services.


Sources

       In the spring of 2011, the University of Virginia’s Weldon Cooper Center for Public Service
surveyed all 95 counties and 39 cities. The tax information in this publication is based on the survey
responses. Assessment ratios for real estate taxes were obtained from the Virginia Department of
Taxation and are based on an annual analysis of real estate transactions in each locality.

        Additional information on taxes is included in the Virginia Economic Development
Partnership’s publication, Virginia: A Guide to Establishing A Business. The Guide summarizes
the major state and local taxes on businesses as well as major personal taxes.




                                                  iv
                                           TABLE 1
                               TAXES ON REAL ESTATE IN VIRGINIA

                                 (Calendar Year 2011 or Fiscal Year 2011-2012)


                                        Assessment Ratio                Nominal Tax Rate      Effective Tax Rate
                                       (Percentage of Fair                 Per $100 of       (Assessment Ratio X
    Locality                          Market Value Taxable)*            Assessed Valuation    Nominal Tax Rate)
1
    Accomack County                              100.0%                          $0.38               $0.38
    Albemarle County                              98.4%                          $0.74               $0.73
    City of Alexandria                            95.9%                          $1.00               $0.96
    Alleghany County                              97.9%                          $0.64               $0.63
    Amelia County                                 79.3%                          $0.43               $0.34
    Amherst County                                92.7%                          $0.52               $0.48
    Appomattox County                             99.0%                          $0.50               $0.49
1
    Arlington County                              95.4%                          $0.95               $0.90
    Augusta County                                96.4%                          $0.48               $0.46
    Bath County                                   94.2%                          $0.48               $0.45
    City of Bedford                               96.2%                          $0.86               $0.83
    Bedford County                                98.8%                          $0.50               $0.49
    Bland County                                 100.0%                          $0.55               $0.55
    Botetourt County                              94.1%                          $0.65               $0.61
    City of Bristol                               90.5%                          $0.94               $0.85
    Brunswick County                              84.0%                          $0.39               $0.33
    Buchanan County                               70.2%                          $0.43               $0.30
    Buckingham County                            100.0%                          $0.44               $0.44
    City of Buena Vista                          100.0%                          $0.93               $0.93
    Campbell County                               97.8%                          $0.46               $0.45
    Caroline County                              100.0%                          $0.68               $0.68
    Carroll County                                94.0%                          $0.60               $0.56
    Charles City County                           85.2%                          $0.68               $0.58
    Charlotte County                              93.4%                          $0.42               $0.39
    City of Charlottesville                       97.1%                          $0.95               $0.92
1
    City of Chesapeake                            97.4%                          $1.04               $1.01
1
    Chesterfield County                          100.0%                          $0.95               $0.95
    Clarke County                                100.0%                          $0.62               $0.62
    City of Colonial Heights                     100.0%                          $1.10               $1.10
    City of Covington                             93.8%                          $0.69               $0.65
    Craig County                                  80.5%                          $0.56               $0.45
    Culpeper County                               96.0%                          $0.74               $0.71
    Cumberland County                             90.9%                          $0.68               $0.62
    City of Danville                             100.0%                          $0.73               $0.73
    Dickenson County                              74.8%                          $0.60               $0.45
    Dinwiddie County                              98.4%                          $0.72               $0.71
    City of Emporia                               94.6%                          $0.81               $0.77

                                                       1
                                         TABLE 1
                             TAXES ON REAL ESTATE IN VIRGINIA

                               (Calendar Year 2011 or Fiscal Year 2011-2012)


                                      Assessment Ratio                Nominal Tax Rate      Effective Tax Rate
                                     (Percentage of Fair                 Per $100 of       (Assessment Ratio X
    Locality                        Market Value Taxable)*            Assessed Valuation    Nominal Tax Rate)
    Essex County                               100.0%                          $0.61               $0.61
1
    City of Fairfax                             99.2%                          $0.94               $0.93
1
    Fairfax County                              93.1%                          $1.07               $1.00
    City of Falls Church                        96.9%                          $1.27               $1.23
1
    Fauquier County                             98.6%                          $0.97               $0.96
    Floyd County                                95.2%                          $0.50               $0.48
    Fluvanna County                            100.0%                          $0.57               $0.57
1
    City of Franklin                           100.0%                          $0.77               $0.77
    Franklin County                            100.0%                          $0.48               $0.48
    Frederick County                            99.0%                          $0.55               $0.54
    City of Fredericksburg                     100.0%                          $0.72               $0.72
    City of Galax                               99.5%                          $0.62               $0.62
    Giles County                                95.0%                          $0.54               $0.51
1
    Gloucester County                           99.6%                          $0.58               $0.58
1
    Goochland County                           100.0%                          $0.53               $0.53
    Grayson County                              92.8%                          $0.49               $0.45
    Greene County                               99.2%                          $0.69               $0.68
    Greensville County                          97.0%                          $0.47               $0.46
    Halifax County                              97.8%                          $0.43               $0.42
1
    City of Hampton                            100.0%                          $1.04               $1.04
1
    Hanover County                             100.0%                          $0.81               $0.81
    City of Harrisonburg                       100.0%                          $0.59               $0.59
1
    Henrico County                             100.0%                          $0.87               $0.87
    Henry County                                93.6%                          $0.46               $0.43
    Highland County                             78.0%                          $0.40               $0.31
    City of Hopewell                           100.0%                          $0.99               $0.99
    Isle of Wight County                       100.0%                          $0.65               $0.65
    James City County                          100.0%                          $0.77               $0.77
    King and Queen County                      100.0%                          $0.48               $0.48
    King George County                          88.5%                          $0.50               $0.44
2
    King William County                        100.0%                          $0.81               $0.81
    Lancaster County                           100.0%                          $0.40               $0.40
    Lee County                                  82.3%                          $0.65               $0.53
    City of Lexington                          100.0%                          $0.73               $0.73
1
    Loudoun County                              96.3%                          $1.29               $1.24
    Louisa County                              100.0%                          $0.62               $0.62
    Lunenburg County                            94.0%                          $0.36               $0.34

                                                     2
                                        TABLE 1
                            TAXES ON REAL ESTATE IN VIRGINIA

                              (Calendar Year 2011 or Fiscal Year 2011-2012)


                                     Assessment Ratio                Nominal Tax Rate      Effective Tax Rate
                                    (Percentage of Fair                 Per $100 of       (Assessment Ratio X
    Locality                       Market Value Taxable)*            Assessed Valuation    Nominal Tax Rate)
    City of Lynchburg                          98.5%                          $1.05               $1.03
    Madison County                            100.0%                          $0.50               $0.50
1
    City of Manassas                           94.7%                          $1.23               $1.16
    City of Manassas Park                      94.8%                          $1.65               $1.56
    City of Martinsville                       98.1%                          $1.02               $1.00
    Mathews County                             82.5%                          $0.47               $0.39
    Mecklenburg County                         98.9%                          $0.36               $0.36
    Middlesex County                           93.9%                          $0.43               $0.40
    Montgomery County                          98.6%                          $0.75               $0.74
    Nelson County                             100.0%                          $0.55               $0.55
1
    New Kent County                           100.0%                          $0.70               $0.70
    City of Newport News                      100.0%                          $1.10               $1.10
1
    City of Norfolk                           100.0%                          $1.11               $1.11
    Northampton County                        100.0%                          $0.49               $0.49
    Northumberland County                      97.6%                          $0.40               $0.39
    City of Norton                             91.0%                          $0.80               $0.73
    Nottoway County                            87.7%                          $0.49               $0.43
    Orange County                             100.0%                          $0.49               $0.49
    Page County                               100.0%                          $0.64               $0.64
    Patrick County                             94.3%                          $0.48               $0.45
    City of Petersburg                         96.1%                          $1.35               $1.30
    Pittsylvania County                        94.4%                          $0.52               $0.49
    City of Poquoson                          100.0%                          $0.09               $0.09
    City of Portsmouth                        100.0%                          $1.27               $1.27
    Powhatan County                           100.0%                          $0.77               $0.77
    Prince Edward County                       95.4%                          $0.42               $0.40
    Prince George County                       97.5%                          $0.80               $0.78
1
    Prince William County                      90.0%                          $1.20               $1.08
    Pulaski County                            100.0%                          $0.54               $0.54
    City of Radford                            95.6%                          $0.76               $0.73
    Rappahannock County                        95.2%                          $0.58               $0.55
1
    City of Richmond                          100.0%                          $1.20               $1.20
    Richmond County                            90.3%                          $0.67               $0.61
1
    City of Roanoke                           100.0%                          $1.19               $1.19
    Roanoke County                             97.2%                          $1.09               $1.06
    Rockbridge County                          90.3%                          $0.61               $0.55
    Rockingham County                          89.0%                          $0.60               $0.53

                                                    3
                                                  TABLE 1
                                      TAXES ON REAL ESTATE IN VIRGINIA

                                          (Calendar Year 2011 or Fiscal Year 2011-2012)


                                                 Assessment Ratio                Nominal Tax Rate      Effective Tax Rate
                                                (Percentage of Fair                 Per $100 of       (Assessment Ratio X
    Locality                                   Market Value Taxable)*            Assessed Valuation    Nominal Tax Rate)
    Russell County                                         74.4%                          $0.61               $0.45
    City of Salem                                          89.1%                          $1.18               $1.05
    Scott County                                          100.0%                          $0.69               $0.69
1
    Shenandoah County                                      97.8%                          $0.47               $0.46
    Smyth County                                           92.4%                          $0.69               $0.64
    Southampton County                                     93.4%                          $0.77               $0.72
1
    Spotsylvania County                                    93.5%                          $0.86               $0.80
    Stafford County                                        89.8%                          $1.08               $0.97
1
    City of Staunton                                      100.0%                          $0.90               $0.90
1
    City of Suffolk                                       100.0%                          $0.91               $0.91
    Surry County                                          100.0%                          $0.73               $0.73
    Sussex County                                          79.3%                          $0.54               $0.43
    Tazewell County                                        92.4%                          $0.58               $0.54
1
    City of Virginia Beach                                100.0%                          $0.89               $0.89
1
    Warren County                                         100.0%                          $0.59               $0.59
    Washington County                                      88.8%                          $0.58               $0.52
    City of Waynesboro                                     95.5%                          $0.75               $0.72
    Westmoreland County                                   100.0%                          $0.46               $0.46
    City of Williamsburg                                  100.0%                          $0.54               $0.54
1
    City of Winchester                                    100.0%                          $0.86               $0.86
    Wise County                                            87.5%                          $0.57               $0.50
1
    Wythe County                                           87.8%                          $0.44               $0.39
    York County                                           100.0%                          $0.66               $0.66
*Virginia statutes require reassessments to be made at 100 percent of fair market value. However, because of
rising real estate values and most localities reassessing only periodically, actual assessment ratios are usually lower
than 100 percent. Each year, the Virginia Department of Taxation examines real estate transactions, comparing
real estate assessments effective on the date of the property's sale with the selling price of the property. The Tax
Department's ratios of assessed values to selling prices for 2011 are shown in this table. They represent the best
measures of actual assessment ratios in Virginia localities.

1: District levies are imposed in addition to the basic county or city levy.

2: The county levy in the town of West Point is $0.27 per $100 of assessed valuation.




                                                                4
                                                             TABLE 2

                        MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                            (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                      Effective
                                                                            Assessment Ratio               Nominal    Tax Rate
                                                                        (Percentage of this Value          Tax Rate Per $100*
                                                                         Taxable Based on Age)            Per $100 of  (Rates
                                                                                                           Assessed Cannot be
Locality                    Value Used for Tax Purposes                Age of Machinery           Percent Valuation Compared)
1
    Accomack County         Original Cost                                        1               45.0%      $3.58      $1.61
                            Original Cost                                        2               35.0%      $3.58      $1.25
                            Original Cost                                        3               30.0%      $3.58      $1.07
                            Original Cost                                      4 - 10            20.0%      $3.58      $0.72
                            Original Cost                                       11+              10.0%      $3.58      $0.36
    Albemarle County        Original Cost                                        1               25.0%      $4.28      $1.07
                            Original Cost                                        2               22.5%      $4.28      $0.96
                            Original Cost                                        3               20.0%      $4.28      $0.86
                            Original Cost                                        4               17.5%      $4.28      $0.75
                            Original Cost                                        5               15.0%      $4.28      $0.64
                            Original Cost                                        6               12.5%      $4.28      $0.54
                            Original Cost                                       7+               10.0%      $4.28      $0.43
    Alleghany County        Original Cost                                       1+               15.0%      $5.95      $0.89
    Amelia County           Original Cost                                        1               60.0%      $1.00      $0.60
                            Original Cost                                        2               45.0%      $1.00      $0.45
                            Original Cost                                        3               37.5%      $1.00      $0.38
                            Original Cost                                        4               30.0%      $1.00      $0.30
                            Original Cost                                       5+               20.0%      $1.00      $0.20
    Amherst County          Original Cost                                       1+               25.0%      $2.00      $0.50
    Appomattox County       Original Cost                                       1+               12.5%      $4.60      $0.58
    Arlington County        Original Cost                                        1               80.0%      $5.00      $4.00
                            Original Cost                                        2               70.0%      $5.00      $3.50
                            Original Cost                                        3               60.0%      $5.00      $3.00
                            Original Cost                                        4               50.0%      $5.00      $2.50
                            Original Cost                                        5               40.0%      $5.00      $2.00
                            Original Cost                                        6               30.0%      $5.00      $1.50
                            Original Cost                                       7+               20.0%      $5.00      $1.00
    Augusta County          Original Cost                                       1+               20.0%      $1.90      $0.38
    Bath County             Book Value                                          1+              100.0%      $0.35      $0.35
    Bedford County          Original Cost                                        1              100.0%      $1.20      $1.20
                            Original Cost                                        2               95.0%      $1.20      $1.14
                            Original Cost                                        3               90.0%      $1.20      $1.08
                            Original Cost                                        4               85.0%      $1.20      $1.02



                                                                  5
                                                         TABLE 2

                    MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                        (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                  Effective
                                                                        Assessment Ratio               Nominal    Tax Rate
                                                                    (Percentage of this Value          Tax Rate Per $100*
                                                                     Taxable Based on Age)            Per $100 of  (Rates
                                                                                                       Assessed Cannot be
Locality                Value Used for Tax Purposes                Age of Machinery           Percent Valuation Compared)
Bedford County          Original Cost                                        5               80.0%      $1.20      $0.96
                        Original Cost                                        6               75.0%      $1.20      $0.90
                        Original Cost                                        7               70.0%      $1.20      $0.84
                        Original Cost                                        8               65.0%      $1.20      $0.78
                        Original Cost                                        9               60.0%      $1.20      $0.72
                        Original Cost                                       10               55.0%      $1.20      $0.66
                        Original Cost                                       11               50.0%      $1.20      $0.60
                        Original Cost                                       12               45.0%      $1.20      $0.54
                        Original Cost                                       13+              40.0%      $1.20      $0.48
Bland County            Original Cost                                        1               95.0%      $0.89      $0.85
                        Original Cost                                        2               90.0%      $0.89      $0.80
                        Original Cost                                        3               85.0%      $0.89      $0.76
                        Original Cost                                        4               80.0%      $0.89      $0.71
                        Original Cost                                        5               75.0%      $0.89      $0.67
                        Original Cost                                        6               70.0%      $0.89      $0.62
                        Original Cost                                        7               65.0%      $0.89      $0.58
                        Original Cost                                        8               60.0%      $0.89      $0.53
                        Original Cost                                        9               55.0%      $0.89      $0.49
                        Original Cost                                       10               50.0%      $0.89      $0.45
                        Original Cost                                       11               45.0%      $0.89      $0.40
                        Original Cost                                       12               40.0%      $0.89      $0.36
                        Original Cost                                       13               35.0%      $0.89      $0.31
                        Original Cost                                       14               30.0%      $0.89      $0.27
                        Original Cost                                       15               25.0%      $0.89      $0.22
                        Original Cost                                       16+              20.0%      $0.89      $0.18
Botetourt County        Original Cost                                      1-5               50.0%      $1.80      $0.90
                        Original Cost                                       6+               42.0%      $1.80      $0.76
Brunswick County        Original Cost                                       1+               20.0%      $3.40      $0.68
Buchanan County         Original Cost                                      1-3               80.0%      $1.95      $1.56
                        Original Cost                                      4-6               60.0%      $1.95      $1.17
                        Original Cost                                      7-9               40.0%      $1.95      $0.78
                        Original Cost                                       10+              20.0%      $1.95      $0.39
Buckingham County       Original Cost                                      1-9               15.0%      $2.90      $0.44
                        Original Cost                                     10 - 19            10.0%      $2.90      $0.29


                                                              6
                                                           TABLE 2

                      MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                          (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                     Effective
                                                                           Assessment Ratio               Nominal    Tax Rate
                                                                       (Percentage of this Value          Tax Rate Per $100*
                                                                        Taxable Based on Age)            Per $100 of  (Rates
                                                                                                          Assessed Cannot be
Locality                  Value Used for Tax Purposes                 Age of Machinery           Percent Valuation Compared)
Buckingham County         Original Cost                                       20+               5.0%       $2.90      $0.15
Campbell County           Original Cost                                        1+               25.0%      $3.25      $0.81
Caroline County           Original Cost                                        1+               20.0%      $3.50      $0.70
Carroll County            Original Cost                                         1               90.0%      $1.30      $1.17
                          Original Cost                                         2               85.0%      $1.30      $1.11
                          Original Cost                                         3               80.0%      $1.30      $1.04
                          Original Cost                                         4               70.0%      $1.30      $0.91
                          Original Cost                                         5               60.0%      $1.30      $0.78
                          Original Cost                                         6               50.0%      $1.30      $0.65
                          Original Cost                                         7               40.0%      $1.30      $0.52
                          Original Cost                                         8               35.0%      $1.30      $0.46
                          Original Cost                                        9+               30.0%      $1.30      $0.39
Charles City County       Original Cost                                         1               50.0%      $2.50      $1.25
                          Original Cost                                         2               40.0%      $2.50      $1.00
                          Original Cost                                         3               30.0%      $2.50      $0.75
                          Original Cost                                         4               20.0%      $2.50      $0.50
                          Original Cost                                        5+               10.0%      $2.50      $0.25
Charlotte County          Original Cost                                         1               45.0%      $3.00      $1.35
                          Original Cost                                         2               40.5%      $3.00      $1.22
                          Original Cost                                         3               36.5%      $3.00      $1.09
                          Original Cost                                         4               32.8%      $3.00      $0.98
                          Original Cost                                        5+               29.5%      $3.00      $0.89
Chesterfield County       Original Cost                                      1 - 10             25.0%      $1.00      $0.25
                          Original Cost                                      11 - 20            20.0%      $1.00      $0.20
                          Original Cost                                       21+               15.0%      $1.00      $0.15
                          Original Cost                             (Idle & unused equipment)   0.0%       $1.00      $0.00
City of Alexandria        Original Cost                                         1               80.0%      $4.50      $3.60
                          Original Cost                                         2               70.0%      $4.50      $3.15
                          Original Cost                                         3               60.0%      $4.50      $2.70
                          Original Cost                                         4               50.0%      $4.50      $2.25
                          Original Cost                                         5               40.0%      $4.50      $1.80
                          Original Cost                                         6               30.0%      $4.50      $1.35
                          Original Cost                                        7+               20.0%      $4.50      $0.90




                                                                7
                                                                    TABLE 2

                               MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                                   (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                               Effective
                                                                                     Assessment Ratio               Nominal    Tax Rate
                                                                                 (Percentage of this Value          Tax Rate Per $100*
                                                                                  Taxable Based on Age)            Per $100 of  (Rates
                                                                                                                    Assessed Cannot be
Locality                           Value Used for Tax Purposes                  Age of Machinery           Percent Valuation Compared)
    City of Bedford                Original Cost                                          1+                 60.0%   $1.30      $0.78
    City of Bristol                Original Cost                                          1+                 11.0%   $7.00      $0.77
    City of Buena Vista            Original Cost                                        1 - 10               20.0%   $4.25      $0.85
                                   Original Cost                                        11 - 20              15.0%   $4.25      $0.64
                                   Original Cost                                         21+                 10.0%   $4.25      $0.43
                                   Original Cost                             (Equipment idle for one year)   1.0%    $4.25      $0.04
    City of Charlottesville        Original Cost                                           1                 25.0%   $4.20      $1.05
                                   Original Cost                                          2                  22.5%   $4.20      $0.94
                                   Original Cost                                          3                  20.0%   $4.20      $0.84
                                   Original Cost                                          4                  17.5%   $4.20      $0.74
                                   Original Cost                                          5                  15.0%   $4.20      $0.63
                                   Original Cost                                          6+                 12.5%   $4.20      $0.53
1
    City of Chesapeake             Original Cost                                          1+                 20.0%   $3.12      $0.62
    City of Colonial Heights       Original Cost                                           1                 90.0%   $2.00      $1.80
                                   Original Cost                                          2                  80.0%   $2.00      $1.60
                                   Original Cost                                          3                  70.0%   $2.00      $1.40
                                   Original Cost                                          4                  60.0%   $2.00      $1.20
                                   Original Cost                                          5                  50.0%   $2.00      $1.00
                                   Original Cost                                          6+                 40.0%   $2.00      $0.80
    City of Covington              Original Cost                                          1+                 15.0%   $5.52      $0.83
    City of Danville               Original Cost                                        1 - 10               20.0%   $1.50      $0.30
                                   Original Cost                                        11 - 15              10.0%   $1.50      $0.15
                                   Original Cost                                         16+                 2.0%    $1.50      $0.03
    City of Emporia                Original Cost                                          1+                 12.5%   $5.00      $0.63
    City of Fairfax                Original Cost                                          1                  80.0%   $4.13      $3.30
                                   Original Cost                                          2                  70.0%   $4.13      $2.89
                                   Original Cost                                          3                  60.0%   $4.13      $2.48
                                   Original Cost                                          4                  50.0%   $4.13      $2.07
                                   Original Cost                                          5                  40.0%   $4.13      $1.65
                                   Original Cost                                          6                  30.0%   $4.13      $1.24
                                   Original Cost                                          7                  20.0%   $4.13      $0.83
                                   Original Cost                                          8+                 10.0%   $4.13      $0.41
    City of Falls Church           Original Cost                                          1                  80.0%   $4.84      $3.87



                                                                         8
                                                              TABLE 2

                         MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                             (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                         Effective
                                                                               Assessment Ratio               Nominal    Tax Rate
                                                                           (Percentage of this Value          Tax Rate Per $100*
                                                                            Taxable Based on Age)            Per $100 of  (Rates
                                                                                                              Assessed Cannot be
Locality                     Value Used for Tax Purposes                  Age of Machinery           Percent Valuation Compared)
City of Falls Church         Original Cost                                           2                 70.0%   $4.84      $3.39
                             Original Cost                                           3                 60.0%   $4.84      $2.90
                             Original Cost                                           4                 50.0%   $4.84      $2.42
                             Original Cost                                           5                 40.0%   $4.84      $1.94
                             Original Cost                                           6                 30.0%   $4.84      $1.45
                             Original Cost                                          7+                 20.0%   $4.84      $0.97
City of Franklin             Original Cost                                          1+                 30.0%   $2.00      $0.60
City of Fredericksburg       Original Cost                                           1                 90.0%   $0.80      $0.72
                             Original Cost                                           2                 80.0%   $0.80      $0.64
                             Original Cost                                           3                 70.0%   $0.80      $0.56
                             Original Cost                                           4                 60.0%   $0.80      $0.48
                             Original Cost                                           5                 45.0%   $0.80      $0.36
                             Original Cost                                           6                 30.0%   $0.80      $0.24
                             Original Cost                                          7+                 20.0%   $0.80      $0.16
City of Galax                Original Cost                                          1+                 50.0%   $1.42      $0.71
City of Hampton              Original Cost                                          1+                 35.0%   $3.50      $1.23
City of Harrisonburg         Original Cost                                          1                  90.0%   $2.00      $1.80
                             Original Cost                                           2                 80.0%   $2.00      $1.60
                             Original Cost                                           3                 70.0%   $2.00      $1.40
                             Original Cost                                           4                 60.0%   $2.00      $1.20
                             Original Cost                                           5                 50.0%   $2.00      $1.00
                             Original Cost                                           6                 40.0%   $2.00      $0.80
                             Original Cost                                          7+                 30.0%   $2.00      $0.60
City of Hopewell             Original Cost                                          1+                 25.0%   $3.05      $0.76
City of Lexington            Original Cost                         (equipment not fully depreciated)   25.0%   $4.25      $1.06
                             Original Cost                             (equipment fully depreciated)   10.0%   $4.25      $0.43
City of Lynchburg            Original Cost                                         1-5                 30.0%   $3.00      $0.90
                             Original Cost                                          6+                 25.4%   $3.00      $0.76
City of Manassas             Original Cost                                           1                 80.0%   $2.10      $1.68
                             Original Cost                                           2                 70.0%   $2.10      $1.47
                             Original Cost                                           3                 60.0%   $2.10      $1.26
                             Original Cost                                           4                 50.0%   $2.10      $1.05
                             Original Cost                                           5                 40.0%   $2.10      $0.84



                                                                   9
                                                             TABLE 2

                        MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                            (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                      Effective
                                                                            Assessment Ratio               Nominal    Tax Rate
                                                                        (Percentage of this Value          Tax Rate Per $100*
                                                                         Taxable Based on Age)            Per $100 of  (Rates
                                                                                                           Assessed Cannot be
Locality                    Value Used for Tax Purposes                Age of Machinery           Percent Valuation Compared)
City of Manassas            Original Cost                                        6               30.0%      $2.10      $0.63
                            Original Cost                                       7+               20.0%      $2.10      $0.42
City of Manassas Park       Original Cost                                        1               70.0%      $3.50      $2.45
                            Original Cost                                        2               60.0%      $3.50      $2.10
                            Original Cost                                        3               50.0%      $3.50      $1.75
                            Original Cost                                        4               40.0%      $3.50      $1.40
                            Original Cost                                        5               30.0%      $3.50      $1.05
                            Original Cost                                       6+               20.0%      $3.50      $0.70
City of Martinsville        Original Cost                                        1               90.0%      $1.85      $1.67
                            Original Cost                                        2               80.0%      $1.85      $1.48
                            Original Cost                                        3               70.0%      $1.85      $1.30
                            Original Cost                                        4               60.0%      $1.85      $1.11
                            Original Cost                                        5               50.0%      $1.85      $0.93
                            Original Cost                                        6               40.0%      $1.85      $0.74
                            Original Cost                                        7               30.0%      $1.85      $0.56
                            Original Cost                                       8+               25.0%      $1.85      $0.46
City of Newport News        Original Cost                                       1+               33.3%      $3.75      $1.25
City of Norfolk             Original Cost                                       1+               40.0%      $4.25      $1.70
City of Norton              Other                                               1+               10.0%      $1.85      $0.19
City of Petersburg          Original Cost                                        1               40.0%      $3.80      $1.52
                            Original Cost                                        2               35.0%      $3.80      $1.33
                            Original Cost                                        3               30.0%      $3.80      $1.14
                            Original Cost                                        4               25.0%      $3.80      $0.95
                            Original Cost                                       5+               20.0%      $3.80      $0.76
City of Poquoson            Original Cost                                       1+               30.0%      $4.15      $1.25
City of Portsmouth          Original Cost                                      1 - 25            50.0%      $3.00      $1.50
                            Original Cost                                       26+              25.0%      $3.00      $0.75
City of Radford             Original Cost                                       1+               30.0%      $1.76      $0.53
City of Richmond            Original Cost                                        1               90.0%      $2.30      $2.07
                            Original Cost                                        2               80.0%      $2.30      $1.84
                            Original Cost                                        3               70.0%      $2.30      $1.61
                            Original Cost                                        4               60.0%      $2.30      $1.38
                            Original Cost                                        5               50.0%      $2.30      $1.15



                                                                 10
                                                               TABLE 2

                         MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                              (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                        Effective
                                                                              Assessment Ratio               Nominal    Tax Rate
                                                                          (Percentage of this Value          Tax Rate Per $100*
                                                                           Taxable Based on Age)            Per $100 of  (Rates
                                                                                                             Assessed Cannot be
Locality                     Value Used for Tax Purposes                 Age of Machinery           Percent Valuation Compared)
City of Richmond             Original Cost                                        6+               40.0%      $2.30      $0.92
City of Roanoke              Original Cost                                         1               60.0%      $3.45      $2.07
                             Original Cost                                         2               50.0%      $3.45      $1.73
                             Original Cost                                         3               40.0%      $3.45      $1.38
                             Original Cost                                         4               30.0%      $3.45      $1.04
                             Original Cost                                        5+               20.0%      $3.45      $0.69
City of Salem                Original Cost                                         1               70.0%      $3.20      $2.24
                             Original Cost                                         2               60.0%      $3.20      $1.92
                             Original Cost                                         3               50.0%      $3.20      $1.60
                             Original Cost                                         4               40.0%      $3.20      $1.28
                             Original Cost                                         5               30.0%      $3.20      $0.96
                             Original Cost                                        6+               25.0%      $3.20      $0.80
City of Staunton             Original Cost                                        1+              100.0%      $1.24      $1.24
City of Suffolk              Original Cost                                       1-5               20.0%      $3.15      $0.63
                             Original Cost                                        6+               10.0%      $3.15      $0.32
City of Virginia Beach       No Machinery/Tools Tax
City of Waynesboro           Original Cost                                         1               27.0%      $3.00      $0.81
                             Original Cost                                         2               25.0%      $3.00      $0.75
                             Original Cost                                         3               22.0%      $3.00      $0.66
                             Original Cost                                         4               20.0%      $3.00      $0.60
                             Original Cost                                         5               15.0%      $3.00      $0.45
                             Original Cost                                        6+               12.0%      $3.00      $0.36
City of Williamsburg         Original Cost                                        1+               30.0%      $3.50      $1.05
City of Winchester           Original Cost                                         1               80.0%      $1.30      $1.04
                             Original Cost                                         2               70.0%      $1.30      $0.91
                             Original Cost                                         3               60.0%      $1.30      $0.78
                             Original Cost                                         4               50.0%      $1.30      $0.65
                             Original Cost                                         5               40.0%      $1.30      $0.52
                             Original Cost                                        6+               30.0%      $1.30      $0.39
Clarke County                Original Cost                                         1               50.0%      $1.25      $0.63
                             Original Cost                                         2               45.0%      $1.25      $0.56
                             Original Cost                                         3               40.0%      $1.25      $0.50
                             Original Cost                                         4               37.5%      $1.25      $0.47



                                                                   11
                                                         TABLE 2

                    MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                        (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                  Effective
                                                                        Assessment Ratio               Nominal    Tax Rate
                                                                    (Percentage of this Value          Tax Rate Per $100*
                                                                     Taxable Based on Age)            Per $100 of  (Rates
                                                                                                       Assessed Cannot be
Locality                Value Used for Tax Purposes                Age of Machinery           Percent Valuation Compared)
Clarke County           Original Cost                                        5               35.0%      $1.25      $0.44
                        Original Cost                                        6               32.5%      $1.25      $0.41
                        Original Cost                                        7               30.0%      $1.25      $0.38
                        Original Cost                                        8               27.5%      $1.25      $0.34
                        Original Cost                                        9               25.0%      $1.25      $0.31
                        Original Cost                                       10               22.5%      $1.25      $0.28
                        Original Cost                                       11               20.0%      $1.25      $0.25
                        Original Cost                                       12               17.5%      $1.25      $0.22
                        Original Cost                                       13               15.0%      $1.25      $0.19
                        Original Cost                                       14               12.5%      $1.25      $0.16
                        Original Cost                                       15+              10.0%      $1.25      $0.13
                        Original Cost                                 (Idle equipment)       10.0%      $1.25      $0.13
Craig County            Original Cost                                        1               80.0%      $2.20      $1.76
                        Original Cost                                        2               70.0%      $2.20      $1.54
                        Original Cost                                        3               60.0%      $2.20      $1.32
                        Original Cost                                        4               50.0%      $2.20      $1.10
                        Original Cost                                        5               40.0%      $2.20      $0.88
                        Original Cost                                        6               30.0%      $2.20      $0.66
                        Original Cost                                       7+               20.0%      $2.20      $0.44
Culpeper County         Original Cost                                        1               70.0%      $2.00      $1.40
                        Original Cost                                        2               60.0%      $2.00      $1.20
                        Original Cost                                        3               50.0%      $2.00      $1.00
                        Original Cost                                        4               40.0%      $2.00      $0.80
                        Original Cost                                        5               30.0%      $2.00      $0.60
                        Original Cost                                       6+               20.0%      $2.00      $0.40
Cumberland County       Original Cost                                       1+               20.0%      $3.75      $0.75
Dickenson County        Original Cost                                      1-3               80.0%      $1.69      $1.35
                        Original Cost                                      4-6               60.0%      $1.69      $1.01
                        Original Cost                                      7-9               40.0%      $1.69      $0.68
                        Original Cost                                       10+              20.0%      $1.69      $0.34
Dinwiddie County        Original Cost                                       1+               20.0%      $3.30      $0.66
Essex County            Original Cost                                       1+               10.0%      $3.50      $0.35
Fairfax County          Original Cost                                        1               80.0%      $4.57      $3.66




                                                             12
                                                         TABLE 2

                    MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                        (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                  Effective
                                                                        Assessment Ratio               Nominal    Tax Rate
                                                                    (Percentage of this Value          Tax Rate Per $100*
                                                                     Taxable Based on Age)            Per $100 of  (Rates
                                                                                                       Assessed Cannot be
Locality                Value Used for Tax Purposes                Age of Machinery           Percent Valuation Compared)
Fairfax County          Original Cost                                        2               70.0%      $4.57      $3.20
                        Original Cost                                        3               60.0%      $4.57      $2.74
                        Original Cost                                        4               50.0%      $4.57      $2.29
                        Original Cost                                        5               40.0%      $4.57      $1.83
                        Original Cost                                        6               30.0%      $4.57      $1.37
                        Original Cost                                       7+               20.0%      $4.57      $0.91
Fauquier County         Original Cost                                        1               70.0%      $2.30      $1.61
                        Original Cost                                        2               60.0%      $2.30      $1.38
                        Original Cost                                        3               50.0%      $2.30      $1.15
                        Original Cost                                        4               40.0%      $2.30      $0.92
                        Original Cost                                        5               30.0%      $2.30      $0.69
                        Original Cost                                        6               20.0%      $2.30      $0.46
                        Original Cost                                       7+               10.0%      $2.30      $0.23
Floyd County            Original Cost                                        1               60.0%      $1.55      $0.93
                        Original Cost                                        2               50.0%      $1.55      $0.78
                        Original Cost                                        3               40.0%      $1.55      $0.62
                        Original Cost                                        4               30.0%      $1.55      $0.47
                        Original Cost                                       5+               20.0%      $1.55      $0.31
Fluvanna County         Original Cost                                       1+               13.0%      $2.00      $0.26
Franklin County         Original Cost                                        1              100.0%      $0.60      $0.60
                        Original Cost                                        2               90.0%      $0.60      $0.54
                        Original Cost                                        3               80.0%      $0.60      $0.48
                        Original Cost                                        4               70.0%      $0.60      $0.42
                        Original Cost                                        5               60.0%      $0.60      $0.36
                        Original Cost                                        6               50.0%      $0.60      $0.30
                        Original Cost                                       7+               40.0%      $0.60      $0.24
Frederick County        Original Cost                                        1               60.0%      $2.00      $1.20
                        Original Cost                                        2               50.0%      $2.00      $1.00
                        Original Cost                                        3               40.0%      $2.00      $0.80
                        Original Cost                                       4+               30.0%      $2.00      $0.60
Giles County            Original Cost                                       1+              100.0%      $0.99      $0.99
Gloucester County       Original Cost                                      1 - 13            30.0%      $2.60      $0.78
                        Original Cost                                       14+              10.0%      $2.60      $0.26




                                                             13
                                                              TABLE 2

                         MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                             (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                        Effective
                                                                              Assessment Ratio               Nominal    Tax Rate
                                                                          (Percentage of this Value          Tax Rate Per $100*
                                                                           Taxable Based on Age)            Per $100 of  (Rates
                                                                                                             Assessed Cannot be
Locality                     Value Used for Tax Purposes                 Age of Machinery           Percent Valuation Compared)
    Goochland County         Original Cost                                       1-5               20.0%      $3.75      $0.75
                             Original Cost                                      6 - 14             15.0%      $3.75      $0.56
                             Original Cost                                       15+               10.0%      $3.75      $0.38
                             Original Cost                             (Idle & unused equipment)    1.0%      $3.75      $0.04
    Grayson County           Original Cost                                         1               100.0%     $1.75      $1.75
                             Original Cost                                         2               90.0%      $1.75      $1.58
                             Original Cost                                         3               80.0%      $1.75      $1.40
                             Original Cost                                         4               70.0%      $1.75      $1.23
                             Original Cost                                         5               60.0%      $1.75      $1.05
                             Original Cost                                         6               50.0%      $1.75      $0.88
                             Original Cost                                         7               40.0%      $1.75      $0.70
                             Original Cost                                        8+               30.0%      $1.75      $0.53
    Greene County            Book Value                                           1+               100.0%     $2.50      $2.50
    Greensville County       Original Cost                                        1+               20.0%      $4.00      $0.80
    Halifax County           Original Cost                                      1 - 19             50.0%      $1.26      $0.63
                             Original Cost                                       20+               25.0%      $1.26      $0.32
                             Original Cost                             (Idle & unused equipment)    5.0%      $1.26      $0.06
    Hanover County           Original Cost                                        1+               10.0%      $3.57      $0.36
1
    Henrico County           Original Cost                                         1               80.0%      $1.00      $0.80
                             Original Cost                                         2               77.0%      $1.00      $0.77
                             Original Cost                                         3               69.0%      $1.00      $0.69
                             Original Cost                                         4               62.0%      $1.00      $0.62
                             Original Cost                                         5               55.0%      $1.00      $0.55
                             Original Cost                                      6 - 10             23.0%      $1.00      $0.23
                             Original Cost                                      11 - 12            18.0%      $1.00      $0.18
                             Original Cost                                      13 - 14            14.0%      $1.00      $0.14
                             Original Cost                                       15+               7.0%       $1.00      $0.07
    Henry County             Original Cost                                         1               97.0%      $1.48      $1.44
                             Original Cost                                         2               87.0%      $1.48      $1.29
                             Original Cost                                         3               77.0%      $1.48      $1.14
                             Original Cost                                         4               67.0%      $1.48      $0.99
                             Original Cost                                        5+               57.0%      $1.48      $0.84
    Highland County          Original Cost                                        1+               5.0%       $1.00      $0.05



                                                                  14
                                                                 TABLE 2

                            MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                                (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                          Effective
                                                                                Assessment Ratio               Nominal    Tax Rate
                                                                            (Percentage of this Value          Tax Rate Per $100*
                                                                             Taxable Based on Age)            Per $100 of  (Rates
                                                                                                               Assessed Cannot be
Locality                        Value Used for Tax Purposes                Age of Machinery           Percent Valuation Compared)
    Isle of Wight County        Original Cost                                       1+              100.0%      $0.70      $0.70
    James City County           Original Cost                                       1+               25.0%      $4.00      $1.00
    King and Queen County       Original Cost                                        1               70.0%      $1.10      $0.77
                                Original Cost                                        2               60.0%      $1.10      $0.66
                                Original Cost                                        3               50.0%      $1.10      $0.55
                                Original Cost                                        4               40.0%      $1.10      $0.44
                                Original Cost                                        5               30.0%      $1.10      $0.33
                                Original Cost                                        6               20.0%      $1.10      $0.22
                                Original Cost                                       7+               10.0%      $1.10      $0.11
    King George County          Original Cost                                       1+               20.0%      $2.50      $0.50
2
    King William County         Original Cost                                       1+               25.0%      $2.45      $0.61
    Lancaster County            Book Value                                           1              100.0%      $1.52      $1.52
                                Book Value                                           2               90.0%      $1.52      $1.37
                                Book Value                                           3               80.0%      $1.52      $1.22
                                Book Value                                           4               70.0%      $1.52      $1.06
                                Book Value                                           5               60.0%      $1.52      $0.91
                                Book Value                                           6               50.0%      $1.52      $0.76
                                Book Value                                           7               40.0%      $1.52      $0.61
                                Book Value                                           8               30.0%      $1.52      $0.46
                                Book Value                                          9+               20.0%      $1.52      $0.30
    Lee County                  Original Cost                                        1               90.0%      $2.00      $1.80
                                Original Cost                                        2               80.0%      $2.00      $1.60
                                Original Cost                                        3               70.0%      $2.00      $1.40
                                Original Cost                                        4               60.0%      $2.00      $1.20
                                Original Cost                                        5               50.0%      $2.00      $1.00
                                Original Cost                                        6               40.0%      $2.00      $0.80
                                Original Cost                                        7               30.0%      $2.00      $0.60
                                Original Cost                                       8+               20.0%      $2.00      $0.40
    Loudoun County              Original Cost                                        1               50.0%      $2.75      $1.38
                                Original Cost                                        2               40.0%      $2.75      $1.10
                                Original Cost                                        3               30.0%      $2.75      $0.83
                                Original Cost                                        4               20.0%      $2.75      $0.55
                                Original Cost                                       5+               10.0%      $2.75      $0.28




                                                                     15
                                                             TABLE 2

                        MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                            (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                       Effective
                                                                             Assessment Ratio               Nominal    Tax Rate
                                                                         (Percentage of this Value          Tax Rate Per $100*
                                                                          Taxable Based on Age)            Per $100 of  (Rates
                                                                                                            Assessed Cannot be
Locality                    Value Used for Tax Purposes                 Age of Machinery           Percent Valuation Compared)
Louisa County               Original Cost                                        1+               10.0%      $1.90      $0.19
Lunenburg County            Original Cost                                       1-5               50.0%      $1.80      $0.90
                            Original Cost                                       6 - 10            40.0%      $1.80      $0.72
                            Original Cost                                      11 - 15            30.0%      $1.80      $0.54
                            Original Cost                                      16 - 20            20.0%      $1.80      $0.36
                            Original Cost                                        21+              10.0%      $1.80      $0.18
Madison County              Original Cost                                         1               90.0%      $1.62      $1.46
                            Original Cost                             (depreciate 10% each year              $1.62
                                                                              thereafter)
Mathews County              Book Value                                           1+               100.0%     $2.14      $2.14
Mecklenburg County          Original Cost                                        1+               80.0%      $0.66      $0.53
Middlesex County            Original Cost                                        1+               10.0%      $1.75      $0.18
Montgomery County           Original Cost                                       1-4               60.0%      $1.82      $1.09
                            Original Cost                                       5-7               50.0%      $1.82      $0.91
                            Original Cost                                        8+               40.0%      $1.82      $0.73
Nelson County               Original Cost                                       1-5               40.0%      $1.25      $0.50
                            Original Cost                                       6 - 10            30.0%      $1.25      $0.38
                            Original Cost                                      11 - 15            20.0%      $1.25      $0.25
                            Original Cost                                        16+              10.0%      $1.25      $0.13
New Kent County             Original Cost                                       1-3               35.0%      $1.50      $0.53
                            Original Cost                                       4-6               30.0%      $1.50      $0.45
                            Original Cost                                       7 - 10            25.0%      $1.50      $0.38
                            Original Cost                                        11+              20.0%      $1.50      $0.30
                            Original Cost                                 (Idle equipment)         5.0%      $1.50      $0.08
Northampton County          Original Cost                                         1               70.0%      $2.25      $1.58
                            Original Cost                                         2               60.0%      $2.25      $1.35
                            Original Cost                                         3               50.0%      $2.25      $1.13
                            Original Cost                                         4               40.0%      $2.25      $0.90
                            Original Cost                                         5               25.0%      $2.25      $0.56
                            Original Cost                                        6+               10.0%      $2.25      $0.23
Northumberland County       Original Cost                                        1+               25.0%      $3.60      $0.90
Nottoway County             Original Cost                                       1-3               70.0%      $1.35      $0.95
                            Original Cost                                       4-7               60.0%      $1.35      $0.81
                            Original Cost                                        8+               30.0%      $1.35      $0.41


                                                                 16
                                                            TABLE 2

                       MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                           (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                     Effective
                                                                           Assessment Ratio               Nominal    Tax Rate
                                                                       (Percentage of this Value          Tax Rate Per $100*
                                                                        Taxable Based on Age)            Per $100 of  (Rates
                                                                                                          Assessed Cannot be
Locality                   Value Used for Tax Purposes                Age of Machinery           Percent Valuation Compared)
Orange County              Original Cost                                        1               75.0%      $1.83      $1.37
                           Original Cost                                        2               70.0%      $1.83      $1.28
                           Original Cost                                        3               65.0%      $1.83      $1.19
                           Original Cost                                        4               60.0%      $1.83      $1.10
                           Original Cost                                        5               55.0%      $1.83      $1.01
                           Original Cost                                        6               50.0%      $1.83      $0.92
                           Original Cost                                        7               45.0%      $1.83      $0.82
                           Original Cost                                        8               40.0%      $1.83      $0.73
                           Original Cost                                        9               35.0%      $1.83      $0.64
                           Original Cost                                       10               30.0%      $1.83      $0.55
                           Original Cost                                       11+              25.0%      $1.83      $0.46
Page County                Original Cost                                       1+               40.0%      $2.00      $0.80
Patrick County             Original Cost                                        1               95.0%      $1.71      $1.62
                           Original Cost                                        2               85.5%      $1.71      $1.46
                           Original Cost                                        3               77.0%      $1.71      $1.32
                           Original Cost                                        4               69.3%      $1.71      $1.19
                           Original Cost                                        5               62.3%      $1.71      $1.07
                           Original Cost                                        6               56.1%      $1.71      $0.96
                           Original Cost                                        7               50.5%      $1.71      $0.86
                           Original Cost                                        8               45.4%      $1.71      $0.78
                           Original Cost                                        9               40.9%      $1.71      $0.70
                           Original Cost                                       10               36.8%      $1.71      $0.63
                           Original Cost                                       11               33.1%      $1.71      $0.57
                           Original Cost                                       12               29.8%      $1.71      $0.51
                           Original Cost                                       13               26.8%      $1.71      $0.46
                           Original Cost                                       14+              25.0%      $1.71      $0.43
Pittsylvania County        Original Cost                                       1+               10.0%      $4.50      $0.45
Powhatan County            Original Cost                                        1               60.0%      $3.60      $2.16
                           Original Cost                                        2               45.0%      $3.60      $1.62
                           Original Cost                                        3               37.5%      $3.60      $1.35
                           Original Cost                                        4               30.0%      $3.60      $1.08
                           Original Cost                                       5+               20.0%      $3.60      $0.72
Prince Edward County       Original Cost                                       1+               10.0%      $4.20      $0.42
Prince George County       Original Cost                                        1               60.0%      $1.50      $0.90


                                                                17
                                                              TABLE 2

                        MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                             (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                       Effective
                                                                             Assessment Ratio               Nominal    Tax Rate
                                                                         (Percentage of this Value          Tax Rate Per $100*
                                                                          Taxable Based on Age)            Per $100 of  (Rates
                                                                                                            Assessed Cannot be
Locality                    Value Used for Tax Purposes                 Age of Machinery           Percent Valuation Compared)
Prince George County        Original Cost                                         2               50.0%      $1.50      $0.75
                            Original Cost                                         3               40.0%      $1.50      $0.60
                            Original Cost                                         4               30.0%      $1.50      $0.45
                            Original Cost                                        5+               20.0%      $1.50      $0.30
Prince William County       Original Cost                                         1               85.0%      $2.00      $1.70
                            Original Cost                                         2               75.0%      $2.00      $1.50
                            Original Cost                                         3               65.0%      $2.00      $1.30
                            Original Cost                                         4               55.0%      $2.00      $1.10
                            Original Cost                                         5               45.0%      $2.00      $0.90
                            Original Cost                                         6               35.0%      $2.00      $0.70
                            Original Cost                                         7               25.0%      $2.00      $0.50
                            Original Cost                                         8               15.0%      $2.00      $0.30
                            Original Cost                                        9+               10.0%      $2.00      $0.20
Pulaski County              Original Cost                                        1+               48.0%      $1.50      $0.72
Rappahannock County         No Machinery/Tools Tax
Richmond County             Book Value                                           1+              100.0%      $0.01      $0.01
Roanoke County              Original Cost                                       1-5               25.0%      $3.00      $0.75
                            Original Cost                                       6 - 10            20.0%      $3.00      $0.60
                            Original Cost                                        11+              15.0%      $3.00      $0.45
Rockbridge County           Original Cost                                        1+               10.0%      $2.55      $0.26
Rockingham County           Original Cost                                         1               90.0%      $2.55      $2.30
                            Original Cost                                         2               80.0%      $2.55      $2.04
                            Original Cost                                         3               70.0%      $2.55      $1.79
                            Original Cost                                         4               60.0%      $2.55      $1.53
                            Original Cost                                         5               50.0%      $2.55      $1.28
                            Original Cost                                         6               40.0%      $2.55      $1.02
                            Original Cost                                         7               30.0%      $2.55      $0.77
                            Original Cost                                        8+               20.0%      $2.55      $0.51
Russell County              Original Cost                                      new - 1            90.0%      $1.65      $1.49
                            Original Cost                                       2-3               80.0%      $1.65      $1.32
                            Original Cost                                       4-5               70.0%      $1.65      $1.16
                            Original Cost                                       6-7               60.0%      $1.65      $0.99
                            Original Cost                                       8 - 10            50.0%      $1.65      $0.83



                                                                  18
                                                           TABLE 2

                      MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                          (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                    Effective
                                                                          Assessment Ratio               Nominal    Tax Rate
                                                                      (Percentage of this Value          Tax Rate Per $100*
                                                                       Taxable Based on Age)            Per $100 of  (Rates
                                                                                                         Assessed Cannot be
Locality                  Value Used for Tax Purposes                Age of Machinery           Percent Valuation Compared)
Russell County            Original Cost                                     11 - 14            40.0%      $1.65      $0.66
                          Original Cost                                       15+              30.0%      $1.65      $0.50
Scott County              Original Cost                                       1+              100.0%      $0.72      $0.72
Shenandoah County         Original Cost                                        1               55.0%      $3.15      $1.73
                          Original Cost                                        2               50.0%      $3.15      $1.58
                          Original Cost                                        3               45.0%      $3.15      $1.42
                          Original Cost                                        4               40.0%      $3.15      $1.26
                          Original Cost                                        5               25.0%      $3.15      $0.79
                          Original Cost                                       6+               10.0%      $3.15      $0.32
Smyth County              Original Cost                                        1               90.0%      $1.55      $1.40
                          Original Cost                                        2               80.0%      $1.55      $1.24
                          Original Cost                                        3               70.0%      $1.55      $1.09
                          Original Cost                                        4               60.0%      $1.55      $0.93
                          Original Cost                                        5               50.0%      $1.55      $0.78
                          Original Cost                                        6               40.0%      $1.55      $0.62
                          Original Cost                                        7               30.0%      $1.55      $0.47
                          Original Cost                                       8+               20.0%      $1.55      $0.31
Southampton County        Original Cost                                        1               80.0%      $2.40      $1.92
                          Original Cost                                        2               70.0%      $2.40      $1.68
                          Original Cost                                        3               60.0%      $2.40      $1.44
                          Original Cost                                        4               50.0%      $2.40      $1.20
                          Original Cost                                        5               40.0%      $2.40      $0.96
                          Original Cost                                        6               30.0%      $2.40      $0.72
                          Original Cost                                        7               20.0%      $2.40      $0.48
                          Original Cost                                       8+               10.0%      $2.40      $0.24
Spotsylvania County       Original Cost                                        1               50.0%      $2.50      $1.25
                          Original Cost                                        2               45.0%      $2.50      $1.13
                          Original Cost                                        3               40.0%      $2.50      $1.00
                          Original Cost                                        4               30.0%      $2.50      $0.75
                          Original Cost                                       5+               20.0%      $2.50      $0.50
Stafford County           Original Cost                                        1               90.0%      $0.75      $0.68
                          Original Cost                                        2               80.0%      $0.75      $0.60
                          Original Cost                                        3               65.0%      $0.75      $0.49
                          Original Cost                                        4               50.0%      $0.75      $0.38


                                                               19
                                                           TABLE 2

                      MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                          (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                    Effective
                                                                          Assessment Ratio               Nominal    Tax Rate
                                                                      (Percentage of this Value          Tax Rate Per $100*
                                                                       Taxable Based on Age)            Per $100 of  (Rates
                                                                                                         Assessed Cannot be
Locality                  Value Used for Tax Purposes                Age of Machinery           Percent Valuation Compared)
Stafford County           Original Cost                                        5               35.0%      $0.75      $0.26
                          Original Cost                                       6+               20.0%      $0.75      $0.15
Surry County              Original Cost                                        1               60.0%      $1.00      $0.60
                          Original Cost                                        2               50.0%      $1.00      $0.50
                          Original Cost                                        3               40.0%      $1.00      $0.40
                          Original Cost                                        4               30.0%      $1.00      $0.30
                          Original Cost                                       5+               20.0%      $1.00      $0.20
Sussex County             Original Cost                                      1-5              100.0%      $2.43      $2.43
                          Original Cost                                      6 - 15            80.0%      $2.43      $1.94
                          Original Cost                                     16 - 25            50.0%      $2.43      $1.22
                          Original Cost                                       26+              20.0%      $2.43      $0.49
Tazewell County           Original Cost                                       1+              100.0%      $2.00      $2.00
Warren County             Original Cost                                        1               70.0%      $1.30      $0.91
                          Original Cost                                        2               60.0%      $1.30      $0.78
                          Original Cost                                        3               50.0%      $1.30      $0.65
                          Original Cost                                        4               40.0%      $1.30      $0.52
                          Original Cost                                       5+               30.0%      $1.30      $0.39
Washington County         Original Cost                                       new             100.0%      $1.55      $1.55
                          Original Cost                                        1               90.0%      $1.55      $1.40
                          Original Cost                                        2               80.0%      $1.55      $1.24
                          Original Cost                                        3               70.0%      $1.55      $1.09
                          Original Cost                                        4               60.0%      $1.55      $0.93
                          Original Cost                                       5+               50.0%      $1.55      $0.78
Westmoreland County       Original Cost                                       1+              100.0%      $1.50      $1.50
Wise County               Original Cost                                        1               85.0%      $1.15      $0.98
                          Original Cost                                        2               80.0%      $1.15      $0.92
                          Original Cost                                        3               75.0%      $1.15      $0.86
                          Original Cost                                        4               70.0%      $1.15      $0.80
                          Original Cost                                        5               65.0%      $1.15      $0.75
                          Original Cost                                        6               60.0%      $1.15      $0.69
                          Original Cost                                        7               40.0%      $1.15      $0.46
                          Original Cost                                        8               30.0%      $1.15      $0.35
                          Original Cost                                        9               20.0%      $1.15      $0.23




                                                               20
                                                                  TABLE 2

                         MANUFACTURERS' TAXES ON MACHINERY AND TOOLS IN VIRGINIA
                                                 (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                                                                                           Effective
                                                                                 Assessment Ratio               Nominal    Tax Rate
                                                                             (Percentage of this Value          Tax Rate Per $100*
                                                                              Taxable Based on Age)            Per $100 of  (Rates
                                                                                                                Assessed Cannot be
Locality                        Value Used for Tax Purposes                 Age of Machinery           Percent Valuation Compared)
 Wise County                    Original Cost                                        10+              15.0%       $1.15         $0.17
 Wythe County                   Original Cost                                       1-5               50.0%       $1.50         $0.75
                                Original Cost                                        6+               20.0%       $1.50         $0.30
 York County                    Original Cost                                        1+               25.0%       $4.00         $1.00

*The "effective tax rate" in each locality was computed by multiplying the assessment ratio by the nominal tax rate. Unlike the tax on
real estate which is based on the fair market value of the property, the tax on machinery and tools can be based on the original total
capitalized cost or the depreciated cost (book value). The original total capitalized cost of machinery and tools is usually greater than
the depreciated cost defined as original cost less depreciation. Thus, comparisons of effective tax rates are valid only among
localities using the same assessment value.

1: District levies are imposed in addition to the basic county or city levy.

2: The county levy in the town of West Point is $0.95 per $100 of assessed valuation.




                                                                      21
                                                                TABLE 3

                       NONMANUFACTURERS' TAXES ON TANGIBLE PERSONAL PROPERTY IN VIRGINIA
                                                (Calendar Year 2011 or Fiscal Year 2011-2012)
                                                      (For Motor Vehicles, See Table 9)


                             Value Used for Tax Purposes                                                                     Effective
                                                                                   Assessment Ratio               Nominal    Tax Rate
                               Original     Depreciated                        (Percentage of this Value          Tax Rate Per $100*
                                Total          Cost                             Taxable Based on Age)            Per $100 of  (Rates
                              Capitalized     (Book                                                               Assessed Cannot be
Locality                        Cost          Value)                          Age of Property            Percent Valuation Compared)
1   Accomack County               X                                                    1                  50.0%   $3.58       $1.79
                                                                                       2                  45.0%   $3.58       $1.61
                                                                                       3                  43.0%   $3.58       $1.54
                                                                                       4                  41.0%   $3.58       $1.47
                                                                                       5                  39.0%   $3.58       $1.40
                                                                                       6                  37.0%   $3.58       $1.32
                                                                                       7                  35.0%   $3.58       $1.25
                                                                                       8                  33.0%   $3.58       $1.18
                                                                                       9                  31.0%   $3.58       $1.11
                                                                                       10                 29.0%   $3.58       $1.04
                                                                                       11                 27.0%   $3.58       $0.97
                                                                                       12                 25.0%   $3.58       $0.90
                                                                                       13                 23.0%   $3.58       $0.82
                                                                                      14+                 20.0%   $3.58       $0.72
    Albemarle County              X                                                    1                  25.0%   $4.28       $1.07
                                                                       (reduced by 2.5/yr. thereafter,            $4.28
                                                                               minimum is 10%)                    $4.28
    Alleghany County              X                                                    1+                 15.0%   $5.95       $0.89
    Amelia County                 X                                                    1                  60.0%   $4.00       $2.40
                                                                                       2                  40.0%   $4.00       $1.60
                                                                                       3                  37.0%   $4.00       $1.48
                                                                                       4                  33.0%   $4.00       $1.32
                                                                                       5+                 20.0%   $4.00       $0.80
    Amherst County                X                                                    1+                 30.0%   $3.25       $0.98
    Appomattox County             X                                                   1-5                 50.0%   $4.60       $2.30
                                                                                     6 - 10               40.0%   $4.60       $1.84
                                                                                    11 - 15               30.0%   $4.60       $1.38
                                                                                      16+                 15.0%   $4.60       $0.69
    Arlington County              X                                                    1                  80.0%   $5.00       $4.00
                                                                       (reduced by 10/yr. thereafter,             $5.00
                                                                               minimum is 20%)                    $5.00
    Augusta County                X                                                    1                  40.0%   $1.90       $0.76
                                                                          (reduced by 5/yr. thereafter,           $1.90
                                                                            minimum is 5% or $50)                 $1.90
    Bath County                   X                                                    1                  90.0%   $0.35       $0.31
                                                                       (reduced by 10/yr. thereafter,             $0.35
                                                                       minimum is 10% or $1,000)                  $0.35



                                                                     22
                                                             TABLE 3

                    NONMANUFACTURERS' TAXES ON TANGIBLE PERSONAL PROPERTY IN VIRGINIA
                                             (Calendar Year 2011 or Fiscal Year 2011-2012)
                                                   (For Motor Vehicles, See Table 9)


                          Value Used for Tax Purposes                                                                     Effective
                                                                                Assessment Ratio               Nominal    Tax Rate
                            Original     Depreciated                        (Percentage of this Value          Tax Rate Per $100*
                             Total          Cost                             Taxable Based on Age)            Per $100 of  (Rates
                           Capitalized     (Book                                                               Assessed Cannot be
Locality                     Cost          Value)                          Age of Property            Percent Valuation Compared)
 Bedford County                X                                                    1                  100.0%   $1.70      $1.70
                                                                       (reduced by 5/yr. thereafter,            $1.70
                                                                            minimum is 30%)                     $1.70
 Bland County                  X                                                    1+                 50.0%    $2.29      $1.15
 Botetourt County              X                                                    1                  90.0%    $2.25      $2.02
                                                                    (reduced by 20/yr. thereafter,              $2.25
                                                                            minimum is 10%)                     $2.25
 Brunswick County              X                                                    1+                 25.0%    $3.40      $0.85
 Buchanan County               X                                                   1-3                 80.0%    $1.95      $1.56
                                                                                   4-6                 60.0%    $1.95      $1.17
                                                                                   7-9                 40.0%    $1.95      $0.78
                                                                                   10+                 20.0%    $1.95      $0.39
 Buckingham County             X                                                   1-9                 15.0%    $4.05      $0.61
                                                                                 10 - 19               10.0%    $4.05      $0.41
                                                                                   20+                  5.0%    $4.05      $0.20
 Campbell County               X                                                  1 - 10               25.0%    $3.85      $0.96
                                                                                   11+                 15.0%    $3.85      $0.58
 Caroline County               X                                                    1+                 20.0%    $6.25      $1.25
 Carroll County                X                                                    1                  90.0%    $1.60      $1.44
                                                                                    2                  85.0%    $1.60      $1.36
                                                                                    3                  80.0%    $1.60      $1.28
                                                                                    4                  70.0%    $1.60      $1.12
                                                                                    5                  60.0%    $1.60      $0.96
                                                                                    6                  50.0%    $1.60      $0.80
                                                                                    7                  40.0%    $1.60      $0.64
                                                                                    8                  35.0%    $1.60      $0.56
                                                                                    9+                 30.0%    $1.60      $0.48
 Charles City County           X                                                    1                  60.0%    $3.50      $2.10
                                                                    (reduced by 10/yr. thereafter,              $3.50
                                                                            minimum is 10%)                     $3.50
 Charlotte County              X                                                    1                  45.0%    $3.00      $1.35
                                                                    (less 10% each yr. thereafter               $3.00
                                                                         to a minimum of 10%)                   $3.00
 Chesterfield County           X                                                    1                  70.0%    $3.60      $2.52
                                                                                    2                  50.0%    $3.60      $1.80
                                                                    (reduced by 10/yr. thereafter,              $3.60
                                                                            minimum is 10%)                     $3.60



                                                                  23
                                                               TABLE 3

                      NONMANUFACTURERS' TAXES ON TANGIBLE PERSONAL PROPERTY IN VIRGINIA
                                               (Calendar Year 2011 or Fiscal Year 2011-2012)
                                                     (For Motor Vehicles, See Table 9)


                            Value Used for Tax Purposes                                                                     Effective
                                                                                  Assessment Ratio               Nominal    Tax Rate
                              Original     Depreciated                        (Percentage of this Value          Tax Rate Per $100*
                               Total          Cost                             Taxable Based on Age)            Per $100 of  (Rates
                             Capitalized     (Book                                                               Assessed Cannot be
Locality                       Cost          Value)                          Age of Property            Percent Valuation Compared)
 City of Alexandria              X                                                    1                  80.0%   $4.75       $3.80
                                                                      (reduced by 10/yr. thereafter,             $4.75
                                                                              minimum is 20%)                    $4.75
 City of Bedford                 X                                                    1+                 52.0%   $1.50       $0.78
 City of Bristol                 X                                                    1+                 11.0%   $7.00       $0.77
 City of Buena Vista             X                                                    1                  80.0%   $5.85       $4.68
                                                                      (reduced by 10/yr. thereafter,             $5.85
                                                                              minimum is 10%)                    $5.85
 City of Charlottesville         X                                                    1                  25.0%   $4.20       $1.05
                                                                      (reduced by 2.5/yr. thereafter,            $4.20
                                                                              minimum is 10%)                    $4.20
 City of Chesapeake              X                                                    1+                 20.0%   $4.08       $0.82
 City of Colonial Heights        X                                                    1                  60.0%   $3.50       $2.10
                                                                      (reduced by 10/yr. thereafter,             $3.50
                                                                              minimum is 20%)                    $3.50
 City of Covington               X                                                    1+                 10.0%   $5.60       $0.56
 City of Danville                X                                                    1                  60.0%   $3.00       $1.80
                                                                      (reduced by 10/yr. thereafter,             $3.00
                                                                              minimum is 20%)                    $3.00
 City of Emporia                 X                                                    1                  50.0%   $5.00       $2.50
                                                                         (reduced by 5/yr. thereafter,           $5.00
                                                                              minimum is 20%)                    $5.00
 City of Fairfax                 X                                                    1                  80.0%   $4.13       $3.30
                                                                      (reduced by 10/yr. thereafter,             $4.13
                                                                              minimum is 10%)                    $4.13
 City of Falls Church            X                                                    1                  80.0%   $4.84       $3.87
                                                                      (reduced by 10/yr. thereafter,             $4.84
                                                                              minimum is 20%)                    $4.84
 City of Franklin                X                                                    1+                 25.0%   $4.50       $1.13
 City of Fredericksburg          X                                                    1                  90.0%   $3.40       $3.06
                                                                                      2                  80.0%   $3.40       $2.72
                                                                                      3                  70.0%   $3.40       $2.38
                                                                                      4                  60.0%   $3.40       $2.04
                                                                                      5                  45.0%   $3.40       $1.53
                                                                                      6                  30.0%   $3.40       $1.02
                                                                                      7+                 20.0%   $3.40       $0.68
 City of Galax                   X                                                    1+                 50.0%   $1.68       $0.84



                                                                    24
                                                               TABLE 3

                      NONMANUFACTURERS' TAXES ON TANGIBLE PERSONAL PROPERTY IN VIRGINIA
                                               (Calendar Year 2011 or Fiscal Year 2011-2012)
                                                     (For Motor Vehicles, See Table 9)


                            Value Used for Tax Purposes                                                                     Effective
                                                                                  Assessment Ratio               Nominal    Tax Rate
                              Original     Depreciated                        (Percentage of this Value          Tax Rate Per $100*
                               Total          Cost                             Taxable Based on Age)            Per $100 of  (Rates
                             Capitalized     (Book                                                               Assessed Cannot be
Locality                       Cost          Value)                          Age of Property            Percent Valuation Compared)
 City of Hampton                 X                                                    1+                 35.0%   $4.25       $1.49
 City of Harrisonburg            X                                                    1                  90.0%   $2.00       $1.80
                                                                      (reduced by 10/yr. thereafter,             $2.00
                                                                              minimum is 30%)                    $2.00
 City of Hopewell                X                                                   new                 60.0%   $3.50       $2.10
                                                                      (reduced by 10/yr. thereafter,             $3.50
                                                                              minimum is 20%)                    $3.50
 City of Lexington               X                                  (equipment not fully depreciated)    25.0%   $4.25       $1.06
                                                                      (equipment fully depreciated)      10.0%   $4.25       $0.43
 City of Lynchburg               X                                                   1-5                 30.0%   $3.80       $1.14
                                                                                      6+                 25.4%   $3.80       $0.96
 City of Manassas                X                                                    1                  80.0%   $2.50       $2.00
                                                                      (reduced by 10/yr. thereafter,             $2.50
                                                                              minimum is 20%)                    $2.50
 City of Manassas Park           X                                                    1                  70.0%   $3.50       $2.45
                                                                      (reduced by 10/yr. thereafter,             $3.50
                                                                              minimum is 20%)                    $3.50
 City of Martinsville            X                                                    1                  90.0%   $2.30       $2.07
                                                                                      2                  80.0%   $2.30       $1.84
                                                                                      3                  70.0%   $2.30       $1.61
                                                                                      4                  60.0%   $2.30       $1.38
                                                                                      5                  50.0%   $2.30       $1.15
                                                                                      6                  40.0%   $2.30       $0.92
                                                                                      7                  30.0%   $2.30       $0.69
                                                                                      8+                 25.0%   $2.30       $0.58
 City of Newport News            X                                                    1+                 33.3%   $4.25       $1.42
 City of Norfolk                 X                                                    1+                 40.0%   $4.33       $1.73
 City of Norton                  X                                                    1+                 10.0%   $1.85       $0.19
 City of Petersburg              X                                                    1                  40.0%   $4.40       $1.76
                                                                         (reduced by 5/yr. thereafter,           $4.40
                                                                              minimum is 20%)                    $4.40
 City of Poquoson                X                                                    1+                 30.0%   $4.15       $1.25
 City of Portsmouth              X                                                  1 - 25               50.0%   $5.00       $2.50
                                                                                     26+                 25.0%   $5.00       $1.25
 City of Radford                 X                                                    1                  90.0%   $1.76       $1.58
                                                                                      2                  80.0%   $1.76       $1.41
                                                                                      3                  70.0%   $1.76       $1.23



                                                                    25
                                                               TABLE 3

                      NONMANUFACTURERS' TAXES ON TANGIBLE PERSONAL PROPERTY IN VIRGINIA
                                               (Calendar Year 2011 or Fiscal Year 2011-2012)
                                                     (For Motor Vehicles, See Table 9)


                            Value Used for Tax Purposes                                                                  Effective
                                                                               Assessment Ratio               Nominal    Tax Rate
                              Original     Depreciated                     (Percentage of this Value          Tax Rate Per $100*
                               Total          Cost                          Taxable Based on Age)            Per $100 of  (Rates
                             Capitalized     (Book                                                            Assessed Cannot be
Locality                       Cost          Value)                       Age of Property            Percent Valuation Compared)
 City of Radford                                                                    4                   60.0%   $1.76     $1.06
                                                                                    5                   50.0%   $1.76     $0.88
                                                                                   6+                   20.0%   $1.76     $0.35
 City of Richmond                X                                                  1                   70.0%   $3.70     $2.59
                                                                      (reduced by 10/yr. thereafter,            $3.70
                                                                           minimum is 20%)                      $3.70
 City of Roanoke                 X                                                  1                   60.0%   $3.45     $2.07
                                                                      (reduced by 10/yr. thereafter,            $3.45
                                                                           minimum is 20%)                      $3.45
 City of Salem                   X                                                  1                   70.0%   $3.20     $2.24
                                                                                    2                   60.0%   $3.20     $1.92
                                                                                    3                   50.0%   $3.20     $1.60
                                                                                    4                   40.0%   $3.20     $1.28
                                                                                    5                   30.0%   $3.20     $0.96
                                                                                   6+                   25.0%   $3.20     $0.80
 City of Staunton                X                                                  3                   20.0%   $2.00     $0.40
                                                                                    5                   20.0%   $2.00     $0.40
                                                                                    7                   15.0%   $2.00     $0.30
                                                                                   10                   10.0%   $2.00     $0.20
                                                                                   15                   10.0%   $2.00     $0.20
                                                                    (uses greater of S/L depreciation           $2.00
                                                                             or percentages)                    $2.00
 City of Suffolk                 X                                                 1+                   20.0%   $4.25     $0.85
 City of Virginia Beach          X                                                 1+                   40.0%   $3.70     $1.48
 City of Waynesboro              X                                 40% of given book value each year            $5.00
                                                                   to minimum of 20% of cost of item            $5.00
 City of Williamsburg            X                                                 1+                   30.0%   $3.50     $1.05
 City of Winchester              X                                                  1                   80.0%   $4.50     $3.60
                                                                      (reduced by 10/yr. thereafter,            $4.50
                                                                           minimum is 30%)                      $4.50
 Clarke County                   X                                                  1                   75.0%   $4.69     $3.52
                                                                                    2                   60.0%   $4.69     $2.81
                                                                      (reduced by 10/yr. thereafter,            $4.69
                                                                           minimum is 20%)                      $4.69
 Craig County                    X                                                  1                   50.0%   $3.00     $1.50
                                                                                    2                   30.0%   $3.00     $0.90
                                                                                    3                   20.0%   $3.00     $0.60



                                                                    26
                                                              TABLE 3

                     NONMANUFACTURERS' TAXES ON TANGIBLE PERSONAL PROPERTY IN VIRGINIA
                                              (Calendar Year 2011 or Fiscal Year 2011-2012)
                                                    (For Motor Vehicles, See Table 9)


                           Value Used for Tax Purposes                                                                     Effective
                                                                                 Assessment Ratio               Nominal    Tax Rate
                             Original     Depreciated                        (Percentage of this Value          Tax Rate Per $100*
                              Total          Cost                             Taxable Based on Age)            Per $100 of  (Rates
                            Capitalized     (Book                                                               Assessed Cannot be
Locality                      Cost          Value)                          Age of Property            Percent Valuation Compared)
 Craig County                                                                        4+                 10.0%   $3.00       $0.30
 Culpeper County                X                                                    1                  70.0%   $3.50       $2.45
                                                                     (reduced by 10/yr. thereafter,             $3.50
                                                                             minimum is 20%)                    $3.50
 Cumberland County              X                                                    1                  80.0%   $4.50       $3.60
                                                                     (reduced by 10/yr. thereafter,             $4.50
                                                                             minimum is 20%)                    $4.50
 Dickenson County               X                                                 new - 3               80.0%   $1.69       $1.35
                                                                                    4-6                 60.0%   $1.69       $1.01
                                                                                    7-9                 40.0%   $1.69       $0.68
                                                                                    10+                 20.0%   $1.69       $0.34
 Dinwiddie County               X                                                    1+                 20.0%   $4.90       $0.98
 Essex County                   X                                                    1+                 10.0%   $3.50       $0.35
 Fairfax County                 X                                                    1                  80.0%   $4.57       $3.66
                                                                     (reduced by 10/yr. thereafter,             $4.57
                                                                             minimum is 20%)                    $4.57
 Fauquier County                X                                                    1                  70.0%   $2.30       $1.61
                                                                     (reduced by 10/yr. thereafter,             $2.30
                                                                             minimum is 10%)                    $2.30
 Floyd County                   X                                                    1                  60.0%   $2.95       $1.77
                                                                     (reduced by 10/yr. thereafter,             $2.95
                                                                             minimum is 20%)                    $2.95
 Fluvanna County                X                                                  1 - 10               20.0%   $4.15       $0.83
 Franklin County                X                                                    1                  50.0%   $2.04       $1.02
                                                                        (reduced by 5/yr. thereafter,           $2.04
                                                                             minimum is 20%)                    $2.04
 Frederick County               X                                                    1+                 30.0%   $4.86       $1.46
 Giles County                   X                                                    1+                 50.0%   $1.91       $0.96
 Gloucester County              X                                                  1 - 12               30.0%   $2.60       $0.78
                                                                                    13+                 10.0%   $2.60       $0.26
 Goochland County               X                                                    1                  60.0%   $4.00       $2.40
                                                                                     2                  45.0%   $4.00       $1.80
                                                                                     3                  37.5%   $4.00       $1.50
                                                                                     4                  30.0%   $4.00       $1.20
                                                                                     5+                 20.0%   $4.00       $0.80
 Grayson County                 X                                                    1                  75.0%   $1.75       $1.31
                                                                        (reduced by 5/yr. thereafter,           $1.75



                                                                   27
                                                                 TABLE 3

                        NONMANUFACTURERS' TAXES ON TANGIBLE PERSONAL PROPERTY IN VIRGINIA
                                                 (Calendar Year 2011 or Fiscal Year 2011-2012)
                                                       (For Motor Vehicles, See Table 9)


                              Value Used for Tax Purposes                                                                     Effective
                                                                                    Assessment Ratio               Nominal    Tax Rate
                                Original     Depreciated                        (Percentage of this Value          Tax Rate Per $100*
                                 Total          Cost                             Taxable Based on Age)            Per $100 of  (Rates
                               Capitalized     (Book                                                               Assessed Cannot be
Locality                         Cost          Value)                          Age of Property            Percent Valuation Compared)
    Grayson County                                                              minimum is 20%)                    $1.75
    Greene County                  X                                                    1                  80.0%   $5.00       $4.00
                                                                        (reduced by 10/yr. thereafter,             $5.00
                                                                                minimum is 20%)                    $5.00
    Greensville County             X                                                    1                  50.0%   $4.50       $2.25
                                                                                        2                  45.0%   $4.50       $2.02
                                                                                        3                  40.0%   $4.50       $1.80
                                                                        (reduced by 2.5/yr. thereafter,            $4.50
                                                                                minimum is 15%)                    $4.50
    Halifax County                 X                                                    1                  70.0%   $3.60       $2.52
                                                                        (reduced by 10/yr. thereafter,             $3.60
                                                                                minimum is 10%)                    $3.60
    Hanover County                 X                                                    1                  60.0%   $3.57       $2.14
                                                                        (reduced by 10/yr. thereafter,             $3.57
                                                                                minimum is 10%)                    $3.57
1   Henrico County                 X                                                    1                  80.0%   $3.50       $2.80
                                                                                        2                  75.0%   $3.50       $2.63
                                                                                        3                  64.0%   $3.50       $2.24
                                                                                        4                  54.0%   $3.50       $1.89
                                                                                        5                  45.0%   $3.50       $1.57
                                                                                        6                  36.0%   $3.50       $1.26
                                                                                        7                  27.0%   $3.50       $0.95
                                                                                        8                  20.0%   $3.50       $0.70
                                                                                        9                  15.0%   $3.50       $0.53
                                                                                       10+                 8.0%    $3.50       $0.28
    Henry County                   X                                                    1                  97.0%   $1.48       $1.44
                                                                                        2                  87.0%   $1.48       $1.29
                                                                                        3                  77.0%   $1.48       $1.14
                                                                                        4                  67.0%   $1.48       $0.99
                                                                                        5+                 57.0%   $1.48       $0.84
    Highland County                X                                                    1                  40.0%   $1.50       $0.60
                                                                           (less 5% each yr. thereafter,           $1.50
                                                                               minimum is $100)                    $1.50
    Isle of Wight County           X                                                    1+                 40.0%   $4.50       $1.80
    James City County              X                                                    1+                 25.0%   $4.00       $1.00
    King and Queen County          X                                                    1                  25.0%   $3.94       $0.99
                                                                        (less 10% each yr. thereafter,             $3.94



                                                                      28
                                                                TABLE 3

                       NONMANUFACTURERS' TAXES ON TANGIBLE PERSONAL PROPERTY IN VIRGINIA
                                                (Calendar Year 2011 or Fiscal Year 2011-2012)
                                                      (For Motor Vehicles, See Table 9)


                             Value Used for Tax Purposes                                                                     Effective
                                                                                   Assessment Ratio               Nominal    Tax Rate
                               Original     Depreciated                        (Percentage of this Value          Tax Rate Per $100*
                                Total          Cost                             Taxable Based on Age)            Per $100 of  (Rates
                              Capitalized     (Book                                                               Assessed Cannot be
Locality                        Cost          Value)                          Age of Property            Percent Valuation Compared)
    King and Queen County                                                     minimum is $200)                     $3.94
    King George County            X                                                    1                  30.0%    $3.20      $0.96
                                                                          (reduced by 5/yr. thereafter,            $3.20
                                                                               minimum is 10%)                     $3.20
2   King William County           X                                                    1                  80.0%    $3.65      $2.92
                                                                                       2                  60.0%    $3.65      $2.19
                                                                                       3                  40.0%    $3.65      $1.46
                                                                                       4                  20.0%    $3.65      $0.73
                                                                                       5+                 10.0%    $3.65      $0.37
    Lancaster County                            X                                      1+                 100.0%   $1.52      $1.52
                                                                           (minimum is 20% of OC)                  $1.52
    Lee County                    X                                                    1                  90.0%    $2.00      $1.80
                                                                       (reduced by 10/yr. thereafter,              $2.00
                                                                               minimum is 20%)                     $2.00
    Loudoun County                X                                                    1                  50.0%    $4.20      $2.10
                                                                       (reduced by 10/yr. thereafter,              $4.20
                                                                               minimum is 10%)                     $4.20
    Louisa County                 X                                                    1                  90.0%    $1.90      $1.71
                                                                                       2                  80.0%    $1.90      $1.52
                                                                                       3                  70.0%    $1.90      $1.33
                                                                                       4                  60.0%    $1.90      $1.14
                                                                                       5                  50.0%    $1.90      $0.95
                                                                                       6                  40.0%    $1.90      $0.76
                                                                                       7                  30.0%    $1.90      $0.57
                                                                                       8+                 25.0%    $1.90      $0.48
                                                                              (minimum is 10%)                     $1.90
    Lunenburg County              X                                                   1-5                 32.5%    $3.60      $1.17
                                                                                     6 - 10               27.5%    $3.60      $0.99
                                                                                    11 - 15               22.5%    $3.60      $0.81
                                                                                    16 - 20               17.5%    $3.60      $0.63
                                                                                      21+                 12.5%    $3.60      $0.45
    Madison County                X                                                    1                  100.0%   $3.05      $3.05
                                                                       (less 10% each yr. thereafter,              $3.05
                                                                              minimum is $100)                     $3.05
    Mathews County                              X                                      1+                 100.0%   $2.14      $2.14
    Mecklenburg County            X                                                    1                  80.0%    $3.26      $2.61
                                                                                       2                  60.0%    $3.26      $1.96



                                                                     29
                                                             TABLE 3

                    NONMANUFACTURERS' TAXES ON TANGIBLE PERSONAL PROPERTY IN VIRGINIA
                                             (Calendar Year 2011 or Fiscal Year 2011-2012)
                                                   (For Motor Vehicles, See Table 9)


                          Value Used for Tax Purposes                                                                  Effective
                                                                             Assessment Ratio               Nominal    Tax Rate
                            Original     Depreciated                     (Percentage of this Value          Tax Rate Per $100*
                             Total          Cost                          Taxable Based on Age)            Per $100 of  (Rates
                           Capitalized     (Book                                                            Assessed Cannot be
Locality                     Cost          Value)                       Age of Property            Percent Valuation Compared)
 Mecklenburg County                                                               3                  50.0%   $3.26      $1.63
                                                                                  4                  40.0%   $3.26      $1.30
                                                                                  5                  30.0%   $3.26      $0.98
                                                                                  6                  20.0%   $3.26      $0.65
                                                                                 7+                  15.0%   $3.26      $0.49
 Middlesex County              X                                                 1+                  35.0%   $3.50      $1.22
 Montgomery County             X                                                  1                  80.0%   $2.45      $1.96
                                                                    (reduced by 10/yr. thereafter,           $2.45
                                                                         minimum is 30%)                     $2.45
 Nelson County                 X                                                 1+                  15.0%   $2.95      $0.44
 New Kent County               X                                                1-3                  55.0%   $3.75      $2.06
                                                                                4-6                  30.0%   $3.75      $1.13
                                                                                 7+                  10.0%   $3.75      $0.38
 Northampton County            X                                                  1                  70.0%   $4.10      $2.87
                                                                                  2                  60.0%   $4.10      $2.46
                                                                                  3                  50.0%   $4.10      $2.05
                                                                                  4                  40.0%   $4.10      $1.64
                                                                                  5                  25.0%   $4.10      $1.03
                                                                                 6+                  10.0%   $4.10      $0.41
                                                                         (minimum is $200)                   $4.10
 Northumberland County         X                                                 1+                  40.0%   $3.60      $1.44
 Nottoway County               X                                                  1                  80.0%   $3.50      $2.80
                                                                                  2                  70.0%   $3.50      $2.45
                                                                                  3                  55.0%   $3.50      $1.93
                                                                                  4                  40.0%   $3.50      $1.40
                                                                                  5                  25.0%   $3.50      $0.88
                                                                                 6+                  10.0%   $3.50      $0.35
 Orange County                 X                                                  1                  65.0%   $2.20      $1.43
                                                                                  2                  60.0%   $2.20      $1.32
                                                                                  3                  55.0%   $2.20      $1.21
                                                                                  4                  50.0%   $2.20      $1.10
                                                                                  5                  45.0%   $2.20      $0.99
                                                                                  6                  40.0%   $2.20      $0.88
                                                                                  7                  37.0%   $2.20      $0.81
                                                                                  8                  34.0%   $2.20      $0.75
                                                                                  9                  31.0%   $2.20      $0.68
                                                                                 10                  28.0%   $2.20      $0.62



                                                                  30
                                                            TABLE 3

                   NONMANUFACTURERS' TAXES ON TANGIBLE PERSONAL PROPERTY IN VIRGINIA
                                            (Calendar Year 2011 or Fiscal Year 2011-2012)
                                                  (For Motor Vehicles, See Table 9)


                         Value Used for Tax Purposes                                                                  Effective
                                                                            Assessment Ratio               Nominal    Tax Rate
                           Original     Depreciated                     (Percentage of this Value          Tax Rate Per $100*
                            Total          Cost                          Taxable Based on Age)            Per $100 of  (Rates
                          Capitalized     (Book                                                            Assessed Cannot be
Locality                    Cost          Value)                       Age of Property            Percent Valuation Compared)
 Orange County                                                                  11+                 25.0%   $2.20      $0.55
 Page County                  X                                                  1                  72.0%   $4.64      $3.34
                                                                   (less 10% each yr. thereafter,           $4.64
                                                                        minimum is $100)                    $4.64
 Patrick County               X                                                  1                  95.0%   $1.71      $1.62
                                                                                 2                  85.5%   $1.71      $1.46
                                                                                 3                  77.0%   $1.71      $1.32
                                                                                 4                  69.3%   $1.71      $1.19
                                                                                 5                  62.0%   $1.71      $1.06
                                                                                 6                  56.0%   $1.71      $0.96
                                                                                 7                  50.5%   $1.71      $0.86
                                                                                 8                  45.4%   $1.71      $0.78
                                                                                 9                  41.0%   $1.71      $0.70
                                                                                10                  36.8%   $1.71      $0.63
                                                                                11                  33.0%   $1.71      $0.56
                                                                                12                  29.8%   $1.71      $0.51
                                                                                13                  26.8%   $1.71      $0.46
                                                                                14+                 25.0%   $1.71      $0.43
 Pittsylvania County          X                                                  1                  30.0%   $8.50      $2.55
                                                                                 2                  27.5%   $8.50      $2.34
                                                                                 3                  25.0%   $8.50      $2.13
                                                                                 4                  23.5%   $8.50      $2.00
                                                                                 5                  20.0%   $8.50      $1.70
                                                                                 6                  17.5%   $8.50      $1.49
                                                                                 7                  15.0%   $8.50      $1.28
                                                                                 8                  13.5%   $8.50      $1.15
                                                                                 9                  10.0%   $8.50      $0.85
                                                                                10                  7.5%    $8.50      $0.64
                                                                                11+                 5.0%    $8.50      $0.43
 Powhatan County              X                                                  1                  60.0%   $3.60      $2.16
                                                                                 2                  45.0%   $3.60      $1.62
                                                                                 3                  37.5%   $3.60      $1.35
                                                                                 4                  30.0%   $3.60      $1.08
                                                                                5+                  20.0%   $3.60      $0.72
 Prince Edward County         X                                                 1+                  20.0%   $4.50      $0.90
 Prince George County         X                                                  1                  60.0%   $4.00      $2.40
                                                                   (reduced by 10/yr. thereafter,           $4.00
                                                                        minimum is 20%)                     $4.00


                                                                 31
                                                            TABLE 3

                   NONMANUFACTURERS' TAXES ON TANGIBLE PERSONAL PROPERTY IN VIRGINIA
                                            (Calendar Year 2011 or Fiscal Year 2011-2012)
                                                  (For Motor Vehicles, See Table 9)


                         Value Used for Tax Purposes                                                                   Effective
                                                                             Assessment Ratio               Nominal    Tax Rate
                           Original     Depreciated                      (Percentage of this Value          Tax Rate Per $100*
                            Total          Cost                           Taxable Based on Age)            Per $100 of  (Rates
                          Capitalized     (Book                                                             Assessed Cannot be
Locality                    Cost          Value)                        Age of Property            Percent Valuation Compared)
 Prince William County        X                                                  1                  85.0%   $3.70       $3.15
                                                                                 2                  75.0%   $3.70       $2.78
                                                                                 3                  65.0%   $3.70       $2.40
                                                                                 4                  55.0%   $3.70       $2.04
                                                                                 5                  45.0%   $3.70       $1.66
                                                                                 6                  35.0%   $3.70       $1.29
                                                                                 7                  25.0%   $3.70       $0.93
                                                                                 8                  15.0%   $3.70       $0.56
                                                                                9+                  10.0%   $3.70       $0.37
 Pulaski County               X                                                1-5                  60.0%   $2.14       $1.28
                                                                               6 - 10               40.0%   $2.14       $0.86
                                                                                11+                 20.0%   $2.14       $0.43
 Rappahannock County                                                          No Tax
 Richmond County              X                                                  1                  40.0%   $3.50       $1.40
                                                                   (less 10% each yr. thereafter,           $3.50
                                                                         minimum is $100)                   $3.50
 Roanoke County               X                                                  1                  60.0%   $3.50       $2.10
                                                                   (reduced by 10/yr. thereafter,           $3.50
                                                                      minimum is 20% or $100)               $3.50
 Rockbridge County            X                                                 1+                  25.0%   $4.25       $1.06
 Rockingham County            X                                                  1                  90.0%   $2.80       $2.52
                                                                   (reduced by 10/yr. thereafter,           $2.80
                                                                         minimum is 20%)                    $2.80
 Russell County               X                                               new - 1               90.0%   $1.65       $1.48
                                                                               2-3                  80.0%   $1.65       $1.32
                                                                               4-5                  70.0%   $1.65       $1.15
                                                                               6-7                  60.0%   $1.65       $0.99
                                                                               8 - 10               50.0%   $1.65       $0.83
                                                                              11 - 14               40.0%   $1.65       $0.66
                                                                                15+                 30.0%   $1.65       $0.50
 Scott County                 X                                                 new                 90.0%   $0.72       $0.65
                                                                   (reduced by 10/yr. thereafter,           $0.72
                                                                         minimum is 30%)                    $0.72
 Shenandoah County            X                                                  1                  80.0%   $3.15       $2.52
                                                                   (reduced by 10/yr. thereafter,           $3.15
                                                                         minimum is 10%)                    $3.15
 Smyth County                 X                                                  1                  90.0%   $2.25       $2.02



                                                                 32
                                                            TABLE 3

                   NONMANUFACTURERS' TAXES ON TANGIBLE PERSONAL PROPERTY IN VIRGINIA
                                            (Calendar Year 2011 or Fiscal Year 2011-2012)
                                                  (For Motor Vehicles, See Table 9)


                         Value Used for Tax Purposes                                                                     Effective
                                                                               Assessment Ratio               Nominal    Tax Rate
                           Original     Depreciated                        (Percentage of this Value          Tax Rate Per $100*
                            Total          Cost                             Taxable Based on Age)            Per $100 of  (Rates
                          Capitalized     (Book                                                               Assessed Cannot be
Locality                    Cost          Value)                          Age of Property            Percent Valuation Compared)
 Smyth County                                                      (reduced by 10/yr. thereafter,             $2.25
                                                                           minimum is 20%)                    $2.25
 Southampton County           X                                                    1                  80.0%   $5.00       $4.00
                                                                   (reduced by 10/yr. thereafter,             $5.00
                                                                           minimum is 10%)                    $5.00
 Spotsylvania County          X                                                    1                  50.0%   $5.95       $2.98
                                                                                   2                  45.0%   $5.95       $2.68
                                                                                   3                  40.0%   $5.95       $2.38
                                                                                   4                  30.0%   $5.95       $1.79
                                                                                   5+                 20.0%   $5.95       $1.19
 Stafford County              X                                                    1                  35.0%   $5.49       $1.92
                                                                      (reduced by 5/yr. thereafter,           $5.49
                                                                           minimum is 15%)                    $5.49
 Surry County                 X                                                    1                  60.0%   $4.00       $2.40
                                                                   (reduced by 10/yr. thereafter,             $4.00
                                                                           minimum is 20%)                    $4.00
 Sussex County                X                                                    1                  90.0%   $4.85       $4.36
                                                                   (reduced by 10/yr. thereafter,             $4.85
                                                                           minimum is 10%)                    $4.85
 Tazewell County              X                                                    1                  80.0%   $2.00       $1.60
                                                                   (reduced by 10/yr. thereafter,             $2.00
                                                                           minimum is 20%)                    $2.00
 Warren County                X                                                    1                  70.0%   $4.00       $2.80
                                                                   (reduced by 10/yr. thereafter,             $4.00
                                                                           minimum is 10%)                    $4.00
 Washington County            X                                                    1                  90.0%   $1.55       $1.39
                                                                   (reduced by 10/yr. thereafter,             $1.55
                                                                           minimum is 20%)                    $1.55
 Westmoreland County          X                                                    1                  80.0%   $3.00       $2.40
                                                                   (less 10% each yr. thereafter,             $3.00
                                                                          minimum is $100)                    $3.00
 Wise County                  X                                                    1                  90.0%   $1.49       $1.34
                                                                                   2                  80.0%   $1.49       $1.19
                                                                                   3                  70.0%   $1.49       $1.04
                                                                                   4                  60.0%   $1.49       $0.89
                                                                                   5                  50.0%   $1.49       $0.75
                                                                                   6                  40.0%   $1.49       $0.60



                                                                 33
                                                                 TABLE 3

                 NONMANUFACTURERS' TAXES ON TANGIBLE PERSONAL PROPERTY IN VIRGINIA
                                                 (Calendar Year 2011 or Fiscal Year 2011-2012)
                                                       (For Motor Vehicles, See Table 9)


                            Value Used for Tax Purposes                                                                    Effective
                                                                                 Assessment Ratio               Nominal    Tax Rate
                              Original       Depreciated                     (Percentage of this Value          Tax Rate Per $100*
                               Total            Cost                          Taxable Based on Age)            Per $100 of  (Rates
                             Capitalized       (Book                                                            Assessed Cannot be
Locality                       Cost            Value)                       Age of Property            Percent Valuation Compared)
 Wise County                                                                         7               30.0%       $1.49         $0.45
                                                                                     8               20.0%       $1.49         $0.30
                                                                                    9+               15.0%       $1.49         $0.22
 Wythe County                    X                                                  1-5              50.0%       $2.08         $1.04
                                                                                    6+               20.0%       $2.08         $0.42
 York County                     X                                                  1+               25.0%       $4.00         $1.00

*The "effective tax rate" in each locality was computed by multiplying the assessment ratio by the nominal tax rate. Unlike the tax on
real estate which is based on the fair market value of the property, the tax on machinery and tools can be based on the original total
capitalized cost or the depreciated cost (book value). The original total capitalized cost of machinery and tools is usually greater than
the depreciated cost defined as original cost less depreciation. Thus, comparisons of effective tax rates are valid only among
localities using the same assessment value.

1: District levies are imposed in addition to the basic county or city levy.

2: The county levy in the town of West Point is $0.50 per $100 of assessed valuation.

Note: In some localities, the nominal tax rate and/or assessment ratios may differ for tangible personal property used in research and
development and certain categories of tangible personal property, i.e. computer equipment, airplanes.




                                                                      34
                          TABLE 4

LOCALITIES IN VIRGINIA EXEMPTING REHABILITATED
   COMMERCIAL OR INDUSTRIAL REAL ESTATE*
          (Calendar Year 2011 or Fiscal Year 2011-2012)



                           Locality
                      Arlington County
                       City of Bedford
                        City of Bristol
                     City of Buena Vista
                      Campbell County
                    City of Chesapeake
                    Chesterfield County
                       Clarke County
                  City of Colonial Heights
                      Culpeper County
                      City of Danville
                     Dinwiddie County
                       City of Emporia
                       City of Fairfax
                       Fairfax County
                    City of Falls Church
                      City of Franklin
                   City of Fredericksburg
                        City of Galax
                      City of Hampton
                      Hanover County
                    City of Harrisonburg
                      Henrico County
                      City of Hopewell
                    Isle of Wight County
                      Lancaster County
                      City of Lexington
                     City of Lynchburg
                     City of Manassas
                     City of Martinsville
                   City of Newport News
                      City of Norfolk
                    Northampton County
                        City of Norton
                         Page County

                               35
                                                    TABLE 4

                      LOCALITIES IN VIRGINIA EXEMPTING REHABILITATED
                         COMMERCIAL OR INDUSTRIAL REAL ESTATE*
                                    (Calendar Year 2011 or Fiscal Year 2011-2012)



                                                     Locality
                                               City of Petersburg
                                               City of Portsmouth
                                             Prince William County
                                                 City of Radford
                                                City of Richmond
                                                 City of Roanoke
                                                  Smyth County
                                              Spotsylvania County
                                                Stafford County
                                                 City of Staunton
                                                 City of Suffolk
                                             City of Virginia Beach
                                              Washington County
                                              City of Waynesboro
                                              City of Winchester
                                                   York County

*Exemptions, eligibility, and qualifications vary widely by locality. However, if allowed, a partial tax
exemption may be given for up to fifteen years for qualifying real estate which has been substantially
rehabilitated for industrial use.

Note: In some localities the real estate must be located in an enterprise zone or a designated zoned area.




                                                         36
                          TABLE 5

 LOCALITIES IN VIRGINIA EXEMPTING OR PARTIALLY
EXEMPTING CERTIFIED POLUTION CONTROL PROPERTY*
          (Calendar Year 2011 or Fiscal Year 2011-2012)

                          Locality
                      Alleghany County
                       Amherst County
                       Augusta County
                       Bedford County
                     Campbell County
                    Chesterfield County
                       City of Bedford
                      City of Danville
                      City of Hampton
                    City of Harrisonburg
                     City of Hopewell
                     City of Lynchburg
                     City of Manassas
                   City of Newport News
                       City of Norfolk
                     City of Petersburg
                     City of Portsmouth
                       City of Radford
                      City of Richmond
                      City of Roanoke
                        City of Salem
                    City of Waynesboro
                    City of Winchester
                    Cumberland County
                     Dinwiddie County
                      Franklin County
                      Frederick County
                        Giles County
                       Henrico County
                        Henry County
                    Isle of Wight County
                   King William County
                    Montgomery County
                     Orange County
                   Prince William County
                      Pulaski County
                    Rockingham County
                    Shenandoah County
                    Spotsylvania County


                               37
                                                   TABLE 5

                    LOCALITIES IN VIRGINIA EXEMPTING OR PARTIALLY
                   EXEMPTING CERTIFIED POLUTION CONTROL PROPERTY*
                                   (Calendar Year 2011 or Fiscal Year 2011-2012)

                                                  Locality
                                                Sussex County
                                                Warren County
                                                Wise County
                                                 Wythe County
                                                  York County

*Certification is carried out by the Virginia Department of Environmental Quality.




                                                        38
                               TABLE 6

      LOCALITIES IN VIRGINIA EXEMPTING OR PARTIALLY
EXEMPTING ENERGY CONVERSION AND COGENERATION EQUIPMENT
              (Calendar Year 2011 or Fiscal Year 2011-2012)




                              Locality
                           Henrico County
                           Pulaski County
                         City of Winchester




                                        39
                                                   TABLE 7

                      LOCALITIES IN VIRGINIA EXEMPTING OR PARTIALLY
                      EXEMPTING CERTIFIED SOLAR ENERGY PROPERTY*
                                   (Calendar Year 2011 or Fiscal Year 2011-2012)




                                                   Locality
                                              Albemarle County
                                              City of Alexandria
                                            City of Charlottesville
                                             Chesterfield County
                                               Fairfax County
                                             City of Falls Church
                                               City of Hampton
                                               Hanover County
                                             City of Harrisonburg
                                                Henrico County
                                             Isle of Wight County
                                           King and Queen County
                                              Loudoun County
                                              City of Lynchburg
                                            Prince William County
                                                Pulaski County
                                                City of Roanoke
                                             Spotsylvania County
                                              City of Winchester
                                                 Wise County
*If allowed, the exemption may be permitted for a term of not more than ten years. Certification of
equipment, facilities, or devices is made by the local building inspection and permitting office.




                                                        40
                                                  TABLE 8

                     LOCALITIES IN VIRGINIA EXEMPTING OR PARTIALLY
                      EXEMPTING CERTIFIED RECYCLING EQUIPMENT*
                                  (Calendar Year 2011 or Fiscal Year 2011-2012)




                                                 Locality
                                             Albemarle County
                                              Amelia County
                                               Bedford County
                                           City of Charlottesville
                                              City of Danville
                                             Dinwiddie County
                                              Frederick County
                                            Isle of Wight County
                                             City of Lynchburg
                                               Pulaski County
                                               City of Roanoke
                                            Shenandoah County
                                              Warren County
                                             City of Winchester
                                                Wise County
*Recycling machinery and equipment are certified by the Virginia Department of Environmental Quality.




                                                       41
                                               TABLE 9

                   TAXES ON AUTOMOBILES AND LIGHT TRUCKS IN VIRGINIA*
                               (Calendar Year 2011 or Fiscal Year 2011-2012)


                                                                                               Nominal
                                                                                               Tax Rate
                                 Items Used for Tax Purposes               Assessment Ratio   Per $100 of
                                                           Pricing          (Percentage of     Assessed
Locality                            Value                  Guides           Value Taxable)     Valuation
1
    Accomack County             Average Loan              A/B/E/H              100.0%           $3.58
    Albemarle County           Average Trade-In            A/B/I/D             100.0%           $4.28
    City of Alexandria              Other                A/B/I/P/D/H           100.0%           $4.75
    Alleghany County            Average Loan                 A/B                50.0%           $5.95
    Amelia County               Average Loan                 A/B               100.0%           $4.00
    Amherst County             Average Trade-In              A/B               100.0%           $3.25
    Appomattox County           Average Retail               A/B                50.0%           $4.60
    Arlington County            Average Loan                 A/B               100.0%           $5.00
    Augusta County              Average Loan                 A/B               100.0%           $2.25
    Bath County                Average Trade-In               D                100.0%           $0.35
    City of Bedford            Average Trade-In              A/B               100.0%           $2.43
    Bedford County             Average Trade-In              A/B               100.0%           $2.35
    Bland County                Average Loan                 A/B               100.0%           $2.29
    Botetourt County            Average Loan                 A/B               100.0%           $2.55
    City of Bristol             Average Loan                  A                 30.0%           $7.00
    Brunswick County            Average Loan                 A/B               100.0%           $3.40
    Buchanan County             Average Loan                 A/B               100.0%           $1.95
    Buckingham County          Average Trade-In              A/B               100.0%           $4.05
    City of Buena Vista        Average Trade-In              A/B                80.0%           $5.85
    Campbell County             Average Retail               A/B                50.0%           $3.85
    Caroline County             Average Retail               A/B                50.0%           $6.25
    Carroll County              Average Loan                 A/B               100.0%           $1.60
    Charles City County         Average Loan                 A/B                95.0%           $3.50
    Charlotte County           Average Trade-In              A/B               100.0%           $3.00
    City of Charlottesville    Average Trade-In             A/B/D              100.0%           $4.20
    City of Chesapeake          Average Loan                 A/B               100.0%           $4.00
    Chesterfield County         Average Loan                A/B/H              100.0%           $3.60
    Clarke County              Average Trade-In              A/B               100.0%           $4.69
    City of Colonial Heights    Average Loan                A/B/D              100.0%           $3.50
    City of Covington           Average Retail              A/B/D               55.0%           $5.60
    Craig County                Average Loan                A/B/D              100.0%           $3.00
    Culpeper County            Average Trade-In              A/B               100.0%           $3.50
    Cumberland County          Average Trade-In              A/B               100.0%           $4.50

                                                    42
                                             TABLE 9

                  TAXES ON AUTOMOBILES AND LIGHT TRUCKS IN VIRGINIA*
                             (Calendar Year 2011 or Fiscal Year 2011-2012)


                                                                                             Nominal
                                                                                             Tax Rate
                               Items Used for Tax Purposes               Assessment Ratio   Per $100 of
                                                         Pricing          (Percentage of     Assessed
Locality                          Value                  Guides           Value Taxable)     Valuation
  City of Danville                Other                    A/B               100.0%           $3.00
  Dickenson County            Average Loan                 A/B               100.0%           $1.69
  Dinwiddie County            Average Loan                 A/B               100.0%           $4.90
  City of Emporia             Average Loan                 A/B               100.0%           $5.00
  Essex County                Average Loan                 A/B               100.0%           $3.50
  City of Fairfax                 Other                    A/B               100.0%           $4.13
  Fairfax County             Average Trade-In            A/B/I/H             100.0%           $4.57
  City of Falls Church       Average Trade-In              A/B               100.0%           $4.84
  Fauquier County             Average Loan                 A/B               100.0%           $4.65
  Floyd County                Average Loan                  A                100.0%           $2.95
  Fluvanna County            Average Trade-In             A/B/D              100.0%           $4.15
  City of Franklin           Average Trade-In           A/B/D/H              100.0%           $4.50
  Franklin County             Average Loan              A/B/D/H               95.0%           $2.04
  Frederick County           Average Trade-In          A/C/B/D/H             100.0%           $4.86
  City of Fredericksburg      Average Retail               A/B                90.0%           $3.40
  City of Galax               Average Loan                 A/D               100.0%           $1.62
  Giles County                Average Retail               A/B               100.0%           $1.91
  Gloucester County           Average Retail              A/B/D              100.0%           $2.60
  Goochland County            Average Loan                A/B/D              100.0%           $4.00
  Grayson County              Average Loan                  D                100.0%           $1.75
  Greene County               Average Loan                 A/B               100.0%           $5.00
  Greensville County         Average Trade-In              A/C               100.0%           $4.50
  Halifax County              Average Loan                A/B/D              100.0%           $3.60
  City of Hampton             Average Loan                A/B/H              100.0%           $4.25
  Hanover County             Average Trade-In              A/B               100.0%           $3.57
  City of Harrisonburg       Average Trade-In             A/B/H              100.0%           $3.00
  Henrico County              Average Loan                  A                100.0%           $3.50
  Henry County                Average Loan                 A/B               100.0%           $1.48
  Highland County             Average Loan                 A/B               100.0%           $1.50
  City of Hopewell            Average Loan                A/B/D              100.0%           $3.50
  Isle of Wight County        Average Loan                 A/B               100.0%           $4.50
  James City County           Average Loan                 A/B               100.0%           $4.00
  King and Queen County      Average Trade-In              A/B               100.0%           $3.94

                                                  43
                                             TABLE 9

                  TAXES ON AUTOMOBILES AND LIGHT TRUCKS IN VIRGINIA*
                             (Calendar Year 2011 or Fiscal Year 2011-2012)


                                                                                             Nominal
                                                                                             Tax Rate
                               Items Used for Tax Purposes               Assessment Ratio   Per $100 of
                                                         Pricing          (Percentage of     Assessed
Locality                          Value                  Guides           Value Taxable)     Valuation
    King George County       Average Trade-In              A/B               100.0%           $3.20
2
    King William County      Average Trade-In             A/B/D              100.0%           $3.65
    Lancaster County          Average Loan                 A/B               100.0%           $2.04
    Lee County               Average Trade-In              A/B               100.0%           $2.00
    City of Lexington        Average Trade-In               A                100.0%           $4.25
    Loudoun County            Average Loan                A/B/H              100.0%           $4.20
    Louisa County            Average Trade-In              A/B               100.0%           $1.90
    Lunenburg County         Average Trade-In              A/B               100.0%           $3.60
    City of Lynchburg        Average Trade-In              A/B               100.0%           $3.80
    Madison County           Average Trade-In               A                100.0%           $2.95
    City of Manassas         Average Trade-In               A                100.0%           $3.25
    City of Manassas Park    Average Trade-In              A/B               100.0%           $3.50
    City of Martinsville      Average Loan                A/B/H              100.0%           $2.30
    Mathews County           Average Trade-In             A/B/D              100.0%           $3.70
    Mecklenburg County        Average Loan                 A/B               100.0%           $3.26
    Middlesex County          Average Retail            A/B/D/H               35.0%           $3.50
    Montgomery County        Average Trade-In              A/B                80.0%           $2.45
    Nelson County             Average Retail               A/B                90.0%           $2.95
    New Kent County           Average Loan                 A/B               100.0%           $3.75
    City of Newport News      Average Loan                 A/B               100.0%           $4.25
    City of Norfolk           Average Loan                 A/B               100.0%           $4.33
    Northampton County        Average Loan                A/B/D              100.0%           $4.10
    Northumberland County     Average Retail               A/B                40.0%           $3.60
    City of Norton           Average Trade-In              A/B               100.0%           $1.85
    Nottoway County           Average Loan                 A/B               100.0%           $3.50
    Orange County            Average Trade-In              A/B               100.0%           $3.27
    Page County               Average Loan                A/B/H              100.0%           $4.64
    Patrick County           Average Trade-In              A/B               100.0%           $1.71
    City of Petersburg        Average Loan              A/B/D/H              100.0%           $4.40
    Pittsylvania County      Average Trade-In             A/B/D               30.0%           $8.50
    City of Poquoson          Average Loan                 A/B               100.0%           $4.15
    City of Portsmouth        Average Loan                 A/B               100.0%           $5.00
    Powhatan County           Average Loan                 A/B               100.0%           $3.60

                                                  44
                                            TABLE 9

                 TAXES ON AUTOMOBILES AND LIGHT TRUCKS IN VIRGINIA*
                            (Calendar Year 2011 or Fiscal Year 2011-2012)


                                                                                            Nominal
                                                                                            Tax Rate
                              Items Used for Tax Purposes               Assessment Ratio   Per $100 of
                                                        Pricing          (Percentage of     Assessed
Locality                         Value                  Guides           Value Taxable)     Valuation
  Prince Edward County       Average Loan                A/B/D              100.0%           $4.50
  Prince George County       Average Loan                 A/B               100.0%           $4.00
  Prince William County     Average Trade-In              A/B               100.0%           $3.70
  Pulaski County            Average Trade-In              A/B               100.0%           $2.14
  City of Radford                Other                    A/B               100.0%           $2.44
  Rappahannock County        Average Loan                A/B/D              100.0%           $4.20
  City of Richmond               Other                   A/B/D              100.0%           $3.70
  Richmond County            Average Loan                A/B/D              100.0%           $3.50
  City of Roanoke            Average Loan                 A/B               100.0%           $3.45
  Roanoke County             Average Loan                A/B/H              100.0%           $3.50
  Rockbridge County          Average Loan                 A/B               100.0%           $4.25
  Rockingham County          Average Loan                 A/B               100.0%           $2.80
  Russell County             Average Loan                  A                100.0%           $1.65
  City of Salem              Average Loan                A/B/H              100.0%           $3.20
  Scott County               Average Loan                 A/B               100.0%           $1.40
  Shenandoah County              Other                    A/B               100.0%           $3.15
  Smyth County               Average Loan                 A/B               100.0%           $2.25
  Southampton County         Average Loan                 A/B               100.0%           $5.00
  Spotsylvania County        Average Retail              A/B/D              100.0%           $6.26
  Stafford County            Average Retail               A/B                40.0%           $6.89
  City of Staunton           Average Retail            A/C/B/D              100.0%           $2.40
  City of Suffolk            Average Loan                 A/B               100.0%           $4.25
  Surry County               Average Loan                 A/B               100.0%           $4.00
  Sussex County              Average Loan                A/B/D              100.0%           $4.85
  Tazewell County            Average Loan                 A/B               100.0%           $2.00
  City of Virginia Beach     Average Loan                 A/B               100.0%           $3.70
  Warren County             Average Trade-In             A/B/H              100.0%           $4.00
  Washington County          Average Loan                A/B/H              100.0%           $1.55
  City of Waynesboro         Average Retail               A/B                50.0%           $5.00
  Westmoreland County        Average Loan                 A/B               100.0%           $3.00
  City of Williamsburg       Average Loan                A/B/D              100.0%           $3.50
  City of Winchester        Average Trade-In             A/B/D              100.0%           $4.50
  Wise County                Average Loan                 A/B               100.0%           $1.49

                                                 45
                                                   TABLE 9

                TAXES ON AUTOMOBILES AND LIGHT TRUCKS IN VIRGINIA*
                                   (Calendar Year 2011 or Fiscal Year 2011-2012)


                                                                                                   Nominal
                                                                                                   Tax Rate
                                     Items Used for Tax Purposes               Assessment Ratio   Per $100 of
                                                               Pricing          (Percentage of     Assessed
Locality                                Value                  Guides           Value Taxable)     Valuation
  Wythe County                      Average Loan                 A/B               100.0%           $2.08
  York County                       Average Loan                 A/B               100.0%           $4.00
*For large trucks, the nominal tax rate is the same; however, the method of assessment and/or the
assessment ratio may be different.

1: District levies are imposed in addition to the basic county or city levy.

2: The county levy in the town of West Point is $0.50 per $100 of assessed valuation.

  The code for pricing guides is as follows:

   A. N.A.D.A. Official Used Car Guide
   B. N.A.D.A. Official Older Used Car Guide
   C. MacLean Hunter Market Reports
       Automobile Red Book
       Older Car Red Book
       Truck Blue Book
       Older Truck Blue Book
   D. Black Book, Hearst Business Media
   E. CPI Guide (Cars of Particular Interest)
   F. New Car Cost Guide, Automobile Invoice Service
   G. Old Car Price Guide, Krause Publications
   H. Car Dealerships
   I. DMV Reports




                                                        46
                                                       TABLE 10

                      LOCALITIES IN VIRGINIA IMPOSING A MERCHANTS' CAPITAL TAX
                                       (Calendar Year 2011 or Fiscal Year 2011-2012)

                                                                                                      Effective Tax Rate
                           Tax Rate    Value Used for                                  Assessment          Per $100
Locality                   Per $100     Assessment                                      Ratio %     (Rates not comparable)
Amherst County              3.95      Original Cost                                      20%                 $0.79
Appomattox County           1.00      Original Cost                                      85%                 $0.85
Bedford County              0.22      Original Cost                                     100%                 $0.22
Bland County                0.73      Original Cost                                     100%                 $0.73
Brunswick County            1.20      Original Cost                                     100%                 $1.20
Buchanan County             2.00      Other                                              10%                 $0.20
Buckingham County           1.00      Original Cost                                     100%                 $1.00
Carroll County              2.30      Original Cost                                      30%                 $0.69
Charles City County         2.80      Fair Market Value                                 100%                 $2.80
Charlotte County            3.20      Original Cost                                      10%                $0.32
Craig County                3.50      Original Cost                                      25%                $0.88
Dickenson County            10.50     Original Cost                                      10%                $1.05
Essex County                3.75      Original Cost                                       5%                $0.19
Floyd County                3.50      Original Cost                                      15%                $0.53
Franklin County             1.08      Original Cost                                     100%                $1.08
Giles County                0.81      Original Cost                                     100%                $0.81
Grayson County              6.70      Original Cost                                      10%                $0.67
Hanover County              1.90      Original Cost                                      10%                $0.19
Highland County             1.00      Depreciated Cost                                   20%                $0.20
King and Queen County       0.65      Original Cost                                     100%                $0.65
Lancaster County            1.00      Original Cost                                      50%                $0.50
Lee County                  1.41      Original Cost                                      30%                $0.42
Louisa County               0.65      Original Cost                                     100%                $0.65
Lunenburg County            1.20      Original Cost                                      40%                $0.48
Madison County              0.86      Original Cost                                     100%                $0.86
Mecklenburg County          0.72      Original Cost                                     100%                $0.72
Montgomery County           3.05      Fair Market Value                                  20%                $0.61
Northampton County          6.25      Original Cost                                      10%                $0.63
Northumberland County       1.00      Original Cost                                      50%                $0.50
Orange County               0.40      Original Cost                                     100%                $0.40
Pittsylvania County         2.75      Original Cost                                      30%                $0.83
Prince Edward County        0.70      Original Cost                                     100%                $0.70
Pulaski County              4.80                                  ($1 - $300,000)        22%                $1.06
                            4.80                            ($300,001-$20,000,000)        5%                $0.24
                            4.80                              (Over $20,000,000)          1%                $0.05

                                                            47
                                                       TABLE 10

                      LOCALITIES IN VIRGINIA IMPOSING A MERCHANTS' CAPITAL TAX
                                       (Calendar Year 2011 or Fiscal Year 2011-2012)

                                                                                                      Effective Tax Rate
                           Tax Rate    Value Used for                                  Assessment          Per $100
Locality                   Per $100     Assessment                                      Ratio %     (Rates not comparable)
Richmond County             3.50      Original Cost               ($1 - $25,000)         50%                 $1.75
                            3.50      Original Cost            ($25,001 - $50,000)       30%                 $1.05
                            3.50      Original Cost           ($50,001 - $100,000)       20%                 $0.70
                            3.50      Original Cost              (Over $100,000)         10%                $0.35
Rockingham County           0.87      Original Cost                                      67%                $0.58
Russell County              0.65      Original Cost                                      20%                $0.13
Scott County                0.72      Original Cost                                     100%                $0.72
Shenandoah County           0.60      Original Cost                                     100%                $0.60
Smyth County                0.40      Original Cost                                     100%                $0.40
Southampton County          0.50      Fair Market Value                                 100%                $0.50
Stafford County             0.50      Original Cost                                     100%                $0.50
Sussex County               1.00      Original Cost                                     100%                $1.00
Tazewell County             4.30      Original Cost                                      20%                $0.86
Westmoreland County         0.46      Original Cost                                     100%                $0.46
Wise County                 2.85      Other                       ($1 - $300,000)        45%                $1.28
                            2.85      Other                      (Over $300,000)         35%                $1.00
Wythe County                0.56      Fair Market Value                                 100%                $0.56




                                                            48
                                                        TABLE 11

                   LOCALITIES IN VIRGINIA IMPOSING A BUSINESS LICENSE TAX*
                                        (Calendar Year 2011 or Fiscal Year 2011-2012)


Locality            Type of Business                        Tax Rate per $100 of Gross Receipts
Albemarle County    Retailers                               .20
                    Mail order firms                        .10
                    Wholesalers and distributors            .05/$100 of gross purchases
                    Financial services                      .58
                    Business services                       .36

Alleghany County    Retailers                               .10
                    Mail order firms                        .10
                    Wholesalers and distributors            .05/$100 of gross purchases
                    Financial services                      .29
                    Business services                       .18

Amelia County       Retailers                               .05
                    Mail order firms                        no rate provided
                    Wholesalers and distributors            .05
                    Financial services                      .15
                    Business services                       .09

Amherst County      Retailers                               no rate provided
                    Mail order firms                        .31
                    Wholesalers and distributors            no rate provided
                    Financial services                      .50
                    Business services                       .31

Arlington County    Retailers                               .20
                    Mail order firms                        .20
                    Wholesalers and distributors            .08
                    Financial services                      .36
                    Business services                       .35

Augusta County      Retailers                               .20
                    Mail order firms                        .30
                    Wholesalers and distributors            .05
                    Financial services                      .30
                    Business services                       .30




                                                             49
                                                           TABLE 11

                      LOCALITIES IN VIRGINIA IMPOSING A BUSINESS LICENSE TAX*
                                           (Calendar Year 2011 or Fiscal Year 2011-2012)


Locality               Type of Business                        Tax Rate per $100 of Gross Receipts
Botetourt County       Retailers                               .10
                       Mail order firms                        no rate provided
                       Wholesalers and distributors            .05/$100 of gross purchases
                       Financial services                      .29
                       Business services                       .18

Campbell County        Retailers                               .20
                       Mail order firms                        .20
                       Wholesalers and distributors            .05/$100 of gross purchases
                       Financial services                      .50
                       Business services                       .35

Caroline County        Retailers                               .15
                       Mail order firms                        .15
                       Wholesalers and distributors            .05/$100 of gross purchases
                       Financial services                      .49
                       Business services                       .19

Chesterfield County    Retailers                               .19
                       Mail order firms                        .19
                       Wholesalers and distributors            .10/$100 of gross purchases
                       Financial services                      .20
                       Business services                       .20

City of Alexandria     Retailers                               .20
                       Mail order firms                        no rate provided
                       Wholesalers and distributors            .05/$100 of gross purchases
                       Financial services                      .35
                       Business services                       .35

City of Bedford        Retailers                               .125
                       Mail order firms                        .25
                       Wholesalers and distributors            .10/$100 of gross purchases
                       Financial services                      .50
                       Business services                       .25




                                                                50
                                                                TABLE 11

                           LOCALITIES IN VIRGINIA IMPOSING A BUSINESS LICENSE TAX*
                                                (Calendar Year 2011 or Fiscal Year 2011-2012)


Locality                    Type of Business                        Tax Rate per $100 of Gross Receipts
City of Bristol             Retailers                               .20
                            Mail order firms                        no rate provided
                            Wholesalers and distributors            no rate provided
                            Financial services                      .50
                            Business services                       .20

City of Buena Vista         Retailers                               .20
                            Mail order firms                        no rate provided
                            Wholesalers and distributors            .05/$100 of gross purchases
                            Financial services                      .58
                            Business services                       .36

City of Charlottesville     Retailers                               .20
                            Mail order firms                        .20
                            Wholesalers and distributors            .25/$100 of gross purchases
                            Financial services                      .50
                            Business services                       .30

City of Chesapeake          Retailers                               .20
                            Mail order firms                        .20
                            Wholesalers and distributors            .12/$100 of gross purchases
                            Financial services                      .58
                            Business services                       .36

City of Colonial Heights    Retailers                               .20
                            Mail order firms                        .20
                            Wholesalers and distributors            .05/$100 of gross purchases
                            Financial services                      .57
                            Business services                       .35

City of Covington           Retailers                               .20
                            Mail order firms                        no rate provided
                            Wholesalers and distributors            .12
                            Financial services                      .58
                            Business services                       .36




                                                                     51
                                                              TABLE 11

                         LOCALITIES IN VIRGINIA IMPOSING A BUSINESS LICENSE TAX*
                                              (Calendar Year 2011 or Fiscal Year 2011-2012)


Locality                  Type of Business                        Tax Rate per $100 of Gross Receipts
City of Danville          Retailers                               .20
                          Mail order firms                        no rate provided
                          Wholesalers and distributors            .15/$100 of gross purchases
                          Financial services                      .58
                          Business services                       .36

City of Emporia           Retailers                               .20
                          Mail order firms                        no rate provided
                          Wholesalers and distributors            .05/$100 of gross purchases
                          Financial services                      .58
                          Business services                       .36

City of Fairfax           Retailers                               .20
                          Mail order firms                        .27
                          Wholesalers and distributors            .05/$100 of gross purchases
                          Financial services                      .40
                          Business services                       .27

City of Falls Church      Retailers                               .19
                          Mail order firms                        .36
                          Wholesalers and distributors            .08
                          Financial services                      .52
                          Business services                       .36

City of Franklin          Retailers                               .20
                          Mail order firms                        .30
                          Wholesalers and distributors            .10/$100 of gross purchases
                          Financial services                      .58
                          Business services                       .30

City of Fredericksburg    Retailers                               .20
                          Mail order firms                        .20
                          Wholesalers and distributors            .05/$100 of gross purchases
                          Financial services                      .58
                          Business services                       .36




                                                                   52
                                                            TABLE 11

                       LOCALITIES IN VIRGINIA IMPOSING A BUSINESS LICENSE TAX*
                                            (Calendar Year 2011 or Fiscal Year 2011-2012)


Locality                Type of Business                        Tax Rate per $100 of Gross Receipts
City of Galax           Retailers                               .20
                        Mail order firms                        no rate provided
                        Wholesalers and distributors            .05/$100 of gross purchases
                        Financial services                      .58
                        Business services                       .20

City of Hampton         Retailers                               .20
                        Mail order firms                        .36
                        Wholesalers and distributors            .15/$100 of gross purchases
                        Financial services                      .58
                        Business services                       .36

City of Harrisonburg    Retailers                               .20
                        Mail order firms                        .20
                        Wholesalers and distributors            .17
                        Financial services                      .58
                        Business services                       .20

City of Hopewell        Retailers                               .20
                        Mail order firms                        .36
                        Wholesalers and distributors            .25
                        Financial services                      .58
                        Business services                       .36

City of Lexington       Retailers                               .20
                        Mail order firms                        .20
                        Wholesalers and distributors            .05/$100 of gross purchases
                        Financial services                      .58
                        Business services                       .36

City of Lynchburg       Retailers                               .20
                        Mail order firms                        .20
                        Wholesalers and distributors            .28/$100 of gross purchases
                        Financial services                      .58
                        Business services                       .36




                                                                 53
                                                             TABLE 11

                        LOCALITIES IN VIRGINIA IMPOSING A BUSINESS LICENSE TAX*
                                             (Calendar Year 2011 or Fiscal Year 2011-2012)


Locality                 Type of Business                        Tax Rate per $100 of Gross Receipts
City of Manassas         Retailers                               .12
                         Mail order firms                        .22
                         Wholesalers and distributors            .05
                         Financial services                      .35
                         Business services                       .22

City of Manassas Park    Retailers                               .15
                         Mail order firms                        no rate provided
                         Wholesalers and distributors            .05/$100 of gross purchases
                         Financial services                      .35
                         Business services                       .18

City of Martinsville     Retailers                               .20
                         Mail order firms                        .36
                         Wholesalers and distributors            .05/$100 of gross purchases
                         Financial services                      .58
                         Business services                       .36

City of Newport News     Retailers                               .20
                         Mail order firms                        no rate provided
                         Wholesalers and distributors            .20/$100 of gross purchases
                         Financial services                      .58
                         Business services                       .36

City of Norfolk          Retailers                               .20
                         Mail order firms                        .20
                         Wholesalers and distributors            .15/$100 of gross purchases
                         Financial services                      .58
                         Business services                       .36

City of Norton           Retailers                               .20
                         Mail order firms                        no rate provided
                         Wholesalers and distributors            .25/$100 of gross purchases
                         Financial services                      .50
                         Business services                       .36




                                                                  54
                                                          TABLE 11

                     LOCALITIES IN VIRGINIA IMPOSING A BUSINESS LICENSE TAX*
                                          (Calendar Year 2011 or Fiscal Year 2011-2012)


Locality              Type of Business                        Tax Rate per $100 of Gross Receipts
City of Petersburg    Retailers                               .20
                      Mail order firms                        .32
                      Wholesalers and distributors            no rate provided
                      Financial services                      .58
                      Business services                       .32

City of Poquoson      Retailers                               .20
                      Mail order firms                        .20
                      Wholesalers and distributors            .05/$100 of gross purchases
                      Financial services                      .58
                      Business services                       .36

City of Portsmouth    Retailers                               .20
                      Mail order firms                        .20
                      Wholesalers and distributors            .15/$100 of gross purchases
                      Financial services                      .58
                      Business services                       .36

City of Radford       Retailers                               .135
                      Mail order firms                        no rate provided
                      Wholesalers and distributors            .07/$100 of gross purchases
                      Financial services                      .365
                      Business services                       .14

City of Richmond      Retailers                               .20
                      Mail order firms                        no rate provided
                      Wholesalers and distributors            .22/$100 of gross purchases
                      Financial services                      .58
                      Business services                       .36

City of Roanoke       Retailers                               .20
                      Mail order firms                        .20
                      Wholesalers and distributors            .26/$100 of gross purchases
                      Financial services                      .58
                      Business services                       .36




                                                               55
                                                              TABLE 11

                         LOCALITIES IN VIRGINIA IMPOSING A BUSINESS LICENSE TAX*
                                              (Calendar Year 2011 or Fiscal Year 2011-2012)


Locality                  Type of Business                        Tax Rate per $100 of Gross Receipts
City of Salem             Retailers                               .20
                          Mail order firms                        .20
                          Wholesalers and distributors            .13/$100 of gross purchases
                          Financial services                      .58
                          Business services                       .36

City of Staunton          Retailers                               .20
                          Mail order firms                        .36
                          Wholesalers and distributors            no rate provided
                          Financial services                      .40
                          Business services                       .36

City of Suffolk           Retailers                               .20
                          Mail order firms                        no rate provided
                          Wholesalers and distributors            .09/$100 of gross purchases
                          Financial services                      .58
                          Business services                       .36

City of Virginia Beach    Retailers                               .20
                          Mail order firms                        .20
                          Wholesalers and distributors            .12/$100 of gross purchases
                          Financial services                      .58
                          Business services                       .36

City of Waynesboro        Retailers                               .20
                          Mail order firms                        no rate provided
                          Wholesalers and distributors            .15/$100 of gross purchases
                          Financial services                      .58
                          Business services                       .36

City of Williamsburg      Retailers                               .20
                          Mail order firms                        .36
                          Wholesalers and distributors            .05
                          Financial services                      .58
                          Business services                       .36




                                                                   56
                                                          TABLE 11

                     LOCALITIES IN VIRGINIA IMPOSING A BUSINESS LICENSE TAX*
                                          (Calendar Year 2011 or Fiscal Year 2011-2012)


Locality              Type of Business                        Tax Rate per $100 of Gross Receipts
City of Winchester    Retailers                               .20
                      Mail order firms                        .36
                      Wholesalers and distributors            .20/$100 of gross purchases
                      Financial services                      .58
                      Business services                       .36

Cumberland County     Retailers                               .05
                      Mail order firms                        no rate provided
                      Wholesalers and distributors            .05
                      Financial services                      .10
                      Business services                       .05

Dinwiddie County      Retailers                               .16
                      Mail order firms                        no rate provided
                      Wholesalers and distributors            .05
                      Financial services                      .45
                      Business services                       .30

Fairfax County        Retailers                               .17
                      Mail order firms                        no rate provided
                      Wholesalers and distributors            .04/$100 of gross purchases
                      Financial services                      .31
                      Business services                       .19

Fauquier County       Retailers                               .10
                      Mail order firms                        no rate provided
                      Wholesalers and distributors            .04/$100 of gross purchases
                      Financial services                      .2975
                      Business services                       .187

Frederick County      Retailers                               .20
                      Mail order firms                        .20
                      Wholesalers and distributors            .05/$100 of gross purchases
                      Financial services                      .58
                      Business services                       .36




                                                               57
                                                          TABLE 11

                     LOCALITIES IN VIRGINIA IMPOSING A BUSINESS LICENSE TAX*
                                          (Calendar Year 2011 or Fiscal Year 2011-2012)


Locality              Type of Business                        Tax Rate per $100 of Gross Receipts
Gloucester County     Retailers                               .10 on first $200,000, $0.20/$100 on excess
                      Mail order firms                        .10 on first $200,000, $0.20/$100 on excess
                      Wholesalers and distributors            .05/$100 of gross purchases
                      Financial services                      .12
                      Business services                       .10

Goochland County      Retailers                               .05
                      Mail order firms                        .05
                      Wholesalers and distributors            .02/$100 of gross purchases
                      Financial services                      .15
                      Business services                       .05

Greene County         Retailers                               .15
                      Mail order firms                        .025
                      Wholesalers and distributors            .04/$100 of gross purchases
                      Financial services                      .44
                      Business services                       .27

Greensville County    Retailers                               .16
                      Mail order firms                        .16
                      Wholesalers and distributors            .05/$100 of gross purchases
                      Financial services                      .40
                      Business services                       .30

Halifax County        Retailers                               .10
                      Mail order firms                        .10
                      Wholesalers and distributors            .02
                      Financial services                      .29
                      Business services                       .18

Henrico County        Retailers                               .20
                      Mail order firms                        no rate provided
                      Wholesalers and distributors            .20/$100 of gross purchases
                      Financial services                      .20
                      Business services                       .20




                                                               58
                                                            TABLE 11

                       LOCALITIES IN VIRGINIA IMPOSING A BUSINESS LICENSE TAX*
                                            (Calendar Year 2011 or Fiscal Year 2011-2012)


Locality                Type of Business                        Tax Rate per $100 of Gross Receipts
Henry County            Retailers                               .15 (over $100,000)
                        Mail order firms                        .15 (over $100,000)
                        Wholesalers and distributors            no rate provided
                        Financial services                      .25
                        Business services                       .15

Isle of Wight County    Retailers                               .12
                        Mail order firms                        no rate provided
                        Wholesalers and distributors            .05/$100 of gross purchases
                        Financial services                      .35
                        Business services                       .20

James City County       Retailers                               .20
                        Mail order firms                        .20
                        Wholesalers and distributors            .05/$100 of gross purchases
                        Financial services                      .58
                        Business services                       .36

King George County      Retailers                               .10
                        Mail order firms                        .10
                        Wholesalers and distributors            .05/$100 of gross purchases
                        Financial services                      .25
                        Business services                       .10

King William County     Retailers                               .20
                        Mail order firms                        .20
                        Wholesalers and distributors            .05
                        Financial services                      .48
                        Business services                       .26

Loudoun County          Retailers                               .17
                        Mail order firms                        .17
                        Wholesalers and distributors            .05/$100 of gross purchases
                        Financial services                      .33
                        Business services                       .16




                                                                 59
                                                            TABLE 11

                       LOCALITIES IN VIRGINIA IMPOSING A BUSINESS LICENSE TAX*
                                            (Calendar Year 2011 or Fiscal Year 2011-2012)


Locality                Type of Business                        Tax Rate per $100 of Gross Receipts
Mathews County          Retailers                               .15
                        Mail order firms                        .05
                        Wholesalers and distributors            .05
                        Financial services                      .15
                        Business services                       .05

Middlesex County        Retailers                               .07
                        Mail order firms                        .07
                        Wholesalers and distributors            .02/$100 of gross purchases
                        Financial services                      .19
                        Business services                       .12

New Kent County         Retailers                               .15
                        Mail order firms                        .18
                        Wholesalers and distributors            .04
                        Financial services                      .44
                        Business services                       .27

Nottoway County         Retailers                               .05
                        Mail order firms                        no rate provided
                        Wholesalers and distributors            .02/$100 of gross purchases
                        Financial services                      .15
                        Business services                       .09

Page County             Retailers                               .10
                        Mail order firms                        .10
                        Wholesalers and distributors            .05
                        Financial services                      .30
                        Business services                       .20

Prince George County    Retailers                               .15
                        Mail order firms                        .15
                        Wholesalers and distributors            no rate provided
                        Financial services                      .20
                        Business services                       .20




                                                                 60
                                                             TABLE 11

                        LOCALITIES IN VIRGINIA IMPOSING A BUSINESS LICENSE TAX*
                                             (Calendar Year 2011 or Fiscal Year 2011-2012)


Locality                 Type of Business                        Tax Rate per $100 of Gross Receipts
Prince William County    Retailers                               .17
                         Mail order firms                        .17
                         Wholesalers and distributors            .05/$100 of gross purchases
                         Financial services                      .33
                         Business services                       .21

Pulaski County           Retailers                               .20
                         Mail order firms                        no rate provided
                         Wholesalers and distributors            .05/$100 of gross purchases
                         Financial services                      .07
                         Business services                       .15

Roanoke County           Retailers                               .20
                         Mail order firms                        no rate provided
                         Wholesalers and distributors            .05/$100 of gross purchases
                         Financial services                      .58
                         Business services                       .36

Rockbridge County        Retailers                               .13
                         Mail order firms                        .13
                         Wholesalers and distributors            .05
                         Financial services                      .38
                         Business services                       .23

Southampton County       Retailers                               no rate provided
                         Mail order firms                        .25
                         Wholesalers and distributors            .05/$100 of gross purchases
                         Financial services                      .58
                         Business services                       .25

Spotsylvania County      Retailers                               .10
                         Mail order firms                        .18
                         Wholesalers and distributors            .02/$100 of gross purchases
                         Financial services                      .29
                         Business services                       .18




                                                                  61
                                                                  TABLE 11

                            LOCALITIES IN VIRGINIA IMPOSING A BUSINESS LICENSE TAX*
                                                  (Calendar Year 2011 or Fiscal Year 2011-2012)


Locality                      Type of Business                        Tax Rate per $100 of Gross Receipts
Surry County                  Retailers                               .15
                              Mail order firms                        .20
                              Wholesalers and distributors            .05
                              Financial services                      .30
                              Business services                       .20

Warren County                 Retailers                               .14
                              Mail order firms                        .25
                              Wholesalers and distributors            .03/$100 of gross purchases
                              Financial services                      .39
                              Business services                       .25

York County                   Retailers                               .20
                              Mail order firms                        .36
                              Wholesalers and distributors            .05/$100 of gross purchases
                              Financial services                      .58
                              Business services                       .36

* Tax rates shown are based on the threshold amount for that locality. In addition some localities charge a fee for the issuance of a
license and/or charge different tax rates based on the amount of the business’ gross receipts or purchases.




                                                                       62
                                                         TABLE 12

                           TAXES ON INDUSTRIAL UTILITY BILLS IN VIRGINIA*
                                         (Calendar Year 2011 or Fiscal Year 2011-2012)



Locality              Tax Rate (per month)                                                   Type
Accomack County       $0.00132/kWh                                                           Electric
                      10% on first $100, 2% on excess                                        Gas
Albemarle County      $0.005265/kWh on first 56,980 kWh, $0.000934/kWh on excess             Electric
                      $0.0638/CCF on first 4,500 CCF, $0.0110/CCF on excess (non-            Gas
                      interruptible); $0.0588/CCF on first 4,770 CCF (interruptible)
City of Alexandria    $0.97 + $0.003755/kWh                                                  Electric
                      $1.42 + $0.050213/CCF                                                  Gas
                      15% on first $150                                                      Water
Alleghany County      10% of min. charge + $0.00724/kWh ($50 max)                            Electric
                      10% of min. charge + $0.07693/CCF ($50 max)                            Gas
Amelia County         20% on first $25                                                       Electric
Amherst County        20% of min. charge + $0.014214/kWh ($20 max)                           Electric
                      20% of min. charge + $0.15566/CCF ($20 max)                            Gas
Appomattox County     20% of min. charge + $0.015279/kWh ($20 max)                           Electric
Arlington County      $1.15 + $0.008022/kWh                                                  Electric
                      $0.845 + $0.05017/CCF; $4.50 + $0.00913/CCF (interruptible)            Gas
Augusta County        $2.29 + $0.014169/kWh ($30 max)                                        Electric
Bath County           $0.00018/kWh                                                           Electric
Bedford County        $0.00735/kWh ($25 max)                                                 Electric
                      $2.35 + $0.04/CCF ($25 max)                                            Gas
Bland County          $1.50 + $0.00945/kWh on first 3,175 kWh, $0.00012/kWh on next 66,667   Electric
                      kWh
Botetourt County      20% of min. charge + $0.0146/kWh ($40 max)                             Electric
City of Bristol       5%                                                                     Electric
                      5%                                                                     Water
Brunswick County      20% of min. charge + $0.015427/kWh ($20 max)                           Electric
                      20% of min. charge + $0.15566/CCF ($20 max)                            Gas
Buchanan County       $0.75 + $0.0109/kWh ($3 max)                                           Electric
Buckingham County     10% on first $100                                                      Electric
City of Buena Vista   20% on first $150                                                      Electric
                      20% on first $150                                                      Gas
                      20% on first $50                                                       Water
Campbell County       greater of $2.29 or $0.03000/kWh ($3 max)                              Electric
                      $2.45 + $0.05/CCF ($3 max)                                             Gas
Caroline County       20% of min. charge + $0.01865/kWh ($10 max)                            Electric
                      20% of min. charge + $0.15566/CCF ($10 max)                            Gas
Carroll County        $0.01155/kWh ($50 max)                                                 Electric
Charles City County   $2.29 + $0.014443/kWh ($20 max)                                        Electric
                      $2.58 + $0.14/CCF ($20 max)                                            Gas


                                                              63
                                                            TABLE 12

                                TAXES ON INDUSTRIAL UTILITY BILLS IN VIRGINIA*
                                            (Calendar Year 2011 or Fiscal Year 2011-2012)



Locality                   Tax Rate (per month)                                                   Type
Charlotte County           $0.006583/kWh on first 412 kWh, $0.001568/kWh on excess                Electric
City of Charlottesville    $1.15 + $0.009580/kWh on first 36,570 kWh, $0.001755/kWh on excess     Electric
                           $0.80 + $0.0919/CCF on first 4,500 CCF, $0.0308/CCF on excess          Gas
                           10% on first $3,000, 4% on excess                                      Water
City of Chesapeake         $2.87/meter + $0.0251/kWh ($112.50 max)                                Electric
                           $4.00/meter + $0.155/CCF ($112.50 max)                                 Gas
Chesterfield County        $1.15 + $0.010995/kWh on first 1,714 kWh, $0.000758/kWh on next        Electric
                           129,288 kWh, $0.000167/kWh on excess
                           $2.00 + $0.010010/CCF on first 50,000 CCF, $0.00005/CCF on excess      Gas
Clarke County              $2.29 + $0.0140167/kWh on first 5,300 kWh, $0.00283/kWh on excess      Electric
                           20% on first $75, 4% on excess                                         Gas
City of Colonial Heights   $2.29 + $0.013669/kWh ($60 max)                                        Electric
                           $4.00 +$0 .0840/CCF ($60 max)                                          Gas
City of Covington          10% of min. charge + $0.006602/kWh ($8,000 max)                        Electric
                           10% of min. charge + $0.07783/CCF in excess of 64 CCF ($8,000 max)     Gas
Craig County               $1.50 + $0.01525/kWh ($9 max)                                          Electric
Culpeper County            $2.29 + $0.14658/kWh ($10 max)                                         Electric
Cumberland County          20% of min. charge + $0.016994/kWh ($3 max)                            Electric
                           20% of min. charge + $0.15566/CCF ($3 max)                             Gas
City of Danville           $39.00 + $0.0019/kWh ($60 max)                                         Electric
                           $0.95 + $0.0445/CCF ($60 max)                                          Gas
Dickenson County           $1.50 + $0.01525/kWh                                                   Electric
Dinwiddie County           20% of min. charge + $0.01660/kWh on first 100 kWh, $0.014863/kWh on   Electric
                           excess
                           20% of min. charge + $0.15566/CCF ($30 max)                            Gas
City of Emporia            $2.29 + $0.014085/kWh ($36 max)                                        Electric
                           20% ($180 max)                                                         Water
Essex County               $1.15 + $0.007261/kWh ($10 max)                                        Electric
City of Fairfax            $1.72 + $0.010112/kWh ($75 max)                                        Electric
                           $1.27 + $0.05295/CCF ($75 max)                                         Gas
                           15% on first $500                                                      Water
Fairfax County             $1.15 + $0.00707/kWh ($1,000 max)                                      Electric
                           $0.845 + $0.04794/CCF ($300 max)                                       Gas
City of Falls Church       $0.092 + $0.004807/kWh                                                 Electric
                           $0.676 + $0.098/CCF                                                    Gas
                           8%                                                                     Water
Fauquier County            10% of min. charge + $0.007887/kWh on first 1,500 kWh, $0.007184/kWh   Electric
                           on excess ($100 max)
                           10% of min. charge + $0.07783/CCF ($100 max)                           Gas
Floyd County               $1.50 + $0.01480/kWh ($20 max)                                         Electric

                                                                 64
                                                         TABLE 12

                             TAXES ON INDUSTRIAL UTILITY BILLS IN VIRGINIA*
                                         (Calendar Year 2011 or Fiscal Year 2011-2012)



Locality                 Tax Rate (per month)                                                   Type
Floyd County             $3.00                                                                  Gas
Fluvanna County          $1.40 + $0.017138/kWh ($3 max)                                         Electric
City of Franklin         $2.00 + $0.015/kWh on first 3,700 kWh, $0.0055/kWh on excess ($165     Electric
                         max)
                         16.5% on first $1,000                                                  Water
Franklin County          $1.50 + $0.01600/kWh ($40 max)                                         Electric
                         $1.50 + $0.12183/CCF ($40 max)                                         Gas
Frederick County         $0.30 + $0.0024/kWh on first 700 kWh, $0.0015928/kWh on excess         Electric
                         $0.04 * non- metered + $0.04/CCF on first 6,000 CCF + $0.033/CCF on    Gas
                         next 24,000 CCF, $0.025/CCF on excess
City of Fredericksburg   $1.15 + $0.005194/kWh on first 30,630 kWh, $0.001494/kWh on excess     Electric
                         $4.65 + $0.091390/CCF on first 835 CCF, $0.00843/CCF on excess         Gas
City of Galax            20% on first $150                                                      Electric
Giles County             $1.50 + $0.01610/kWh                                                   Electric
Gloucester County        $1.15 + $0.007129/kWh ($7.50 max)                                      Electric
Goochland County         20% of min. charge + $0.014866/kWh ($6 max)                            Electric
                         20% of min. charge + $0.015566/CCF ($6 max)                            Gas
Grayson County           $1.50 + $0.0155/kWh ($40 max)                                          Electric
                         20% on first $1,000 ($200 max)                                         Gas
Greene County            $1.40 + $0.015/kWh ($8.50 max)                                         Electric
Greensville County       20% of min. charge + $0.016729/kWh ($30 max)                           Electric
                         20% of min. charge + $0.15566/CCF ($30 max)                            Gas
                         20% on first $150                                                      Water
Halifax County           20% of min. charge + $0.016375/kWh on first 1,082 kWh, $0.001070/kWh   Electric
                         on excess
                         20% of min. charge + $0.15566/CCF on first 100 CCF, $0.015566/CCF on   Gas
                         excess
City of Hampton          $2.29 + $0.015498/kWh on first 2,433 kWh, $0.004835/kWh on excess      Electric
                         ($80 max)
                         $2.78 + $0.135199/CCF on first 30 CCF, $0.032578/CCF on excess ($65    Gas
                         max)
Hanover County           $2.29 + $0.22188/kWh ($3 max)                                          Electric
                         $2.58 + $0.1356/CCF ($3 max)                                           Gas
City of Harrisonburg     $0.50 + $0.0083/kWh ($15 max)                                          Electric
                         $2.33 + $0.0775/CCF ($15 max)                                          Gas
                         10% on first $150                                                      Water
Henrico County           $1.15 + $0.007603/kWh ($10 max)                                        Electric
Henry County             20% of min. charge + $0.009794/kWh (up to $3), $0.003183/kWh on excess Electric
                         20% of min. charge + $0.14521/CCF (up to $3), $0.04719/CCF on excess   Gas
Highland County          $1.00 + $0.015/kWh ($3 max)                                            Electric
City of Hopewell         $35.00 + $0.001296/kWh ($500 max)                                      Electric

                                                              65
                                                           TABLE 12

                            TAXES ON INDUSTRIAL UTILITY BILLS IN VIRGINIA*
                                           (Calendar Year 2011 or Fiscal Year 2011-2012)



Locality                Tax Rate (per month)                                                  Type
City of Hopewell        $35.00 + $0.000236/CCF ($500 max)                                      Gas
                        20% on first $2,500                                                    Water
Isle of Wight County    $0.014766/kWh ($200 max)                                              Electric
                        $0.15716/CCF ($100 max)                                               Gas
King and Queen County   $0.000380/kWh on first 2,500 kWh, $0.000240/kWh on next 47,500 kWh,    Electric
                        $0.000180/kWh on excess
King George County      $1.15 + $0.007283/kWh ($10 max)                                        Electric
King William County     $1.15 + $0.007218/kWh ($10 max)                                        Electric
Lee County              15% on first $15                                                       Electric
                        15% on first $15                                                       Gas
City of Lexington       $1.15 + $0.006739/kWh ($100 max)                                      Electric
                        $2.45 + $0.05/CCF ($100 max)                                          Gas
Loudoun County          $0.92 + $0.005393/kWh                                                  Electric
                        $0.676 + $0.03034/CCF                                                  Gas
Louisa County           $1.72 + $0.014558/kWh ($2.25 max)                                      Electric
                        $100.00 + $0.082/CCF on first 10,000 CCF, $0.075/CCF on next 40,000    Gas
                        CCF, $0.07/CCF on next 150,000 CCF, $0.069/CCF on excess ($180 max)
Lunenburg County        20% on first $30                                                       Electric
City of Lynchburg       $0.00375/kWh on first 1,000 kWh, $0.00260/kWh on excess                Electric
                        $1.63 + $0.00256/CCF                                                   Gas
Madison County          20% of min. charge + $0.013966/kWh ($20 max)                           Electric
                        20% of min. charge + $0.15566/CCF ($20 max)                            Gas
City of Manassas        $0.015/kWh ($100 max)                                                  Electric
                        $4.65 + $0.06/CCF ($100 max)                                           Gas
City of Manassas Park   20% of min. charge + $0.021683/kWh on first 1,500 kWh, $0.0174/kWh on Electric
                        excess
                        20% of min. charge + $0.1557/CCF on first 200 CCF, $0.1530/CCF on     Gas
                        excess ($150 max)
City of Martinsville    $0.00528/kWh ($400 max)                                                Electric
                        $1.00 (if not an electric customer)                                    Water
Mathews County          20% on first $10                                                       Electric
Mecklenburg County      20% of min. charge + $0.0016729/kWh                                    Electric
                        20% of min. charge + $0.15566/CCF                                      Gas
Middlesex County        5% on first $50                                                        Electric
Montgomery County       20% of min. charge + $0.0148/kWh ($20 max)                             Electric
                        20% of min. charge + $0.1669/CCF ($20 max); 20% of min. charge +       Gas
                        $0.0013/CCF ($20 max) (interruptible)
Nelson County           20% of min. charge + $0.016443/kWh ($10 max)                           Electric
                        $16.70 on first 4,000 gal., $5.00/1,000 gal. on excess                 Water
New Kent County         $1.15 + $0.007040/kWh ($10 max)                                        Electric


                                                                66
                                                           TABLE 12

                            TAXES ON INDUSTRIAL UTILITY BILLS IN VIRGINIA*
                                           (Calendar Year 2011 or Fiscal Year 2011-2012)



Locality                Tax Rate (per month)                                                  Type
New Kent County         10% of min. charge + $0.05945/CCF ($10 max)                            Gas
City of Newport News    $2.29 + $0.015455/kWh on first 2,440 kWh, $0.003482/kWh on excess      Electric
                        ($80 max)
                        $1.29 + $0.067602/CCF on first 128.91 CCF, $0.032576/CCF on excess     Gas
                        ($55 max)
City of Norfolk         $1.38 + $0.004965/kWh on first 3,625,100 kWh, $0.004014/kWh on excess Electric
                        $3.225 + $0.167821/CCF on first 70 CCF, $0.161552/CCF on next 360     Gas
                        CCF, $0.15363/CCF on excess ($500 max)
                        25% on first $75, 15% on excess                                       Water
Northampton County      $1.00 + $0.015/kWh ($20 max)                                           Electric
                        20% on first $100                                                      Gas
Northumberland County   $0.015/kWh ($3 max)                                                    Electric
City of Norton          greater of 20% of min. charge or $0.01/kWh                            Electric
                        20% on first $37.50                                                   Gas
Orange County           20% of min. charge + $0.017342/kWh ($15 max)                           Electric
Patrick County          20% on first $15                                                       Electric
City of Petersburg      $1.72 + $0.010533/kWh ($75 max)                                        Electric
                        $3.49 + $0.063/CCF ($7.50 max)                                         Gas
                        15% on first 30,000 cu. ft.                                           Water
Pittsylvania County     20% of min. charge + $0.010753/kWh                                     Electric
                        20% of min. charge + $0.112805/CCF                                     Gas
City of Poquoson        $1.15 + $0.007286/kWh ($10 max)                                        Electric
                        $1.29 + $0.068855/CCF ($10 max)                                        Gas
City of Portsmouth      $2.29 + $0.015915/kWh ($400 max)                                       Electric
                        $4.65 + $0.10/CCF ($400 max)                                           Gas
                        20% on first $2,000                                                    Water
Powhatan County         20% of min. charge + $0.015071/kWh ($20 max)                           Electric
                        20% of min. charge + $0.15566/CCF ($20 max)                            Gas
                        $2.50/1,000 gal.                                                       Water
Prince Edward County    $2.29 + $0.010239/kWh ($40 max)                                        Electric
Prince George County    $2.29 + $0.0135957/kWh ($40 max)                                       Electric
                        20% of min. charge + $0.015566/CCF ($30 max)                           Gas
Prince William County   $2.29 + $0.013487/kWh ($100 max)                                      Electric
                        $3.35 + $0.085/CCF ($100 max)                                          Gas
Pulaski County          $0.01515/kWh                                                           Electric
                        $0.14618/CCF                                                           Gas
City of Radford         $0.03000/kWh ($40 max)                                                 Electric
                        $0.25/CCF ($40 max)                                                   Gas
Rappahannock County     20% of min. charge + $0.014676/kWh                                     Electric
City of Richmond        $2.75 + $0.11952/kWh on first 1,232 kWh, $0.001837/kWh on excess       Electric

                                                                67
                                                            TABLE 12

                             TAXES ON INDUSTRIAL UTILITY BILLS IN VIRGINIA*
                                            (Calendar Year 2011 or Fiscal Year 2011-2012)



Locality                 Tax Rate (per month)                                                 Type
City of Richmond         $120.00 + $0.011835/CCF                                              Gas
Richmond County          $0.015/kWh ($3 max)                                                  Electric
City of Roanoke          greater of 12% of min. charge or $0.00680/kWh on first 1,000 kWh,    Electric
                         $0.00395/kWh on excess
                         greater of 12% of min. charge or $0.008/CCF                          Gas
                         12% on first $20,000                                                 Water
Roanoke County           $0.90 + $0.00640/kWh ($600 max)                                      Electric
                         $0.90 + $0.12183/CCF ($600 max)                                      Gas
                         12% on first $5,000                                                  Water
Rockbridge County        20% of min. charge + $0.014682/kWh ($10 max)                         Electric
                         20% of min. charge + $0.15566/CCF ($10 max)                          Gas
Rockingham County        $2.29 + $0.014674/kWh ($20 max)                                      Electric
                         $4.65 + $0.0520/CCF ($20 max)                                        Gas
Russell County           20% on first $1,000, 2% on excess                                    Electric
                         20% ($7.50 max)                                                      Gas
City of Salem            6% on first $5,000                                                   Electric
                         6% on first $5,000                                                   Gas
                         6% on first $5,000                                                   Water
Scott County             20% on first $75                                                     Electric
                         20% on first $75                                                     Gas
Shenandoah County        10% of min. charge + $0.007136/kWh ($15 max)                         Electric
Smyth County             20% of min. charge + $0.01260/kWh ($200 max)                         Electric
                         20% of min. charge + $0.13842/CCF ($200 max)                         Gas
Southampton County       $2.29 + $0.015199/kWh on first 3,219 kWh, $0.000365/kWh on excess    Electric
                         ($1,500 max)
Spotsylvania County      $1.15 + $0.007731/kWh on first 3,732 kWh, $0.000410/kWh on excess    Electric
                         $2.32 + $0.0874/CCF on first 330 CCF, $0.0023/CCF on excess          Gas
Stafford County          $1.15+ $0.006434/kWh ($200 max)                                      Electric
                         $2.29 + $0.085/CCF ($100 max)                                        Gas
City of Staunton         $2.29 + $0.014489/kWh ($20 max)                                      Electric
                         $4.65 + $0.1832269/CCF ($20 max)                                     Gas
                         20% on first $100 ($20 max)                                          Water
City of Suffolk          $1.49 + $0.008283/kWh ($1,300 max)                                   Electric
                         $1.67 + $0.08904/CCF ($1,300 max)                                    Gas
Sussex County            $1.15 + $0.007123/kWh ($15 max)                                      Electric
                         $4.00 + $0.115/CCF ($15 max)                                         Gas
Tazewell County          $1.50 + $0.01500/kWh on first 667 kWh, $0.00105/kWh on excess ($90   Electric
                         max)
City of Virginia Beach   $1.72 + $0.009253/kWh on first 9,946 kWh, $0.001190/kWh on excess    Electric
                         ($162.50 max)


                                                                 68
                                                                TABLE 12

                                   TAXES ON INDUSTRIAL UTILITY BILLS IN VIRGINIA*
                                                (Calendar Year 2011 or Fiscal Year 2011-2012)



Locality                      Tax Rate (per month)                                                           Type
City of Virginia Beach        $1.94 + $0.097668/CCF on first 961 CCF, $0.031362/CCF ($162.50 max)             Gas
                              15% on first $625, 5% on next $1,375                                            Water
Warren County                 $2.29 + $0.0047223/kWh on first 5,300 kWh, $0.000943/kWh on excess              Electric
                              $0.16/CCF (800 CCF max)                                                         Gas
Washington County             $1.50 + $0.01500/kWh on first 667 kWh, $0.00105/kWh on excess ($100             Electric
                              max)
                              $2.50 (small) or $12.30 (large) + $0.10/CCF on first 100 CCF, $0.075/CCF        Gas
                              on excess ($100 max)
City of Waynesboro            $1.15 + $0.007409/kWh ($15 max)                                                 Electric
                              $2.33 + $0.07384/CCF ($15 max)                                                  Gas
Westmoreland County           $0.005265/kWh on first 56,980 kWh, $0.000934/kWh on excess ($10 max)            Electric
City of Williamsburg          $1.15 + $0.006947/kWh ($20 max)                                                 Electric
                              $1.15 + $0.0243/CCF ($20 max)                                                   Gas
                              $4.30/1,000 gal. ($25.80/quarter)                                               Water
City of Winchester            $0.011/kWh (10,700 kWh max)                                                     Electric
                              $0.15/CCF (800 CCF max)                                                         Gas
Wise County                   $1.50 + $0.01800/kWh ($15 max)                                                  Electric
Wythe County                  $0.01500/kWh on first 14,285 kWh (up to $200), $0.00030/kWh on excess           Electric
                              20% of min. charge + $0.14618/CCF (up to $200), $0.00731/CCF on excess Gas
York County                   $0.004000/CCF                                                                   Gas
Note: State law prohibits localities from imposing the consumer utility tax at a rate higher than 20 percent, unless they had higher
rates in effect on July 1, 1972, in which case they may continue to impose the tax at the higher rates but may not increase them.

Effective January 1, 2001, the General Assembly repealed the utility license tax on utility providers of gas and electric power and
rearranged the rate structure of the utility consumers' tax for electricity and natural gas consumption (Section 58.1-3814). The taxes
are now per kilowatt hour of electricity (kWh) used by the consumer or per hundred cubit feet (CCF) of gas delivered monthly to
consumers.

*The local consumers' utility tax for landline and wireless phones was eliminated on January 1, 2007 (HB 568, Chapter 780).
Telephone service will now be taxed under the Communications Sales and Use Tax. The Communications Sales and Use Tax is 5
percent of the total amount paid by customers on all voice, video and audio communications services. The only major exception will
be fees for Internet access, which federal law exempts from state and local taxation.

**Utiity taxes are paid only to the town if levied by both town and county.




                                                                     69
                                                                 TABLE 13

                                        LOCAL TAX INCENTIVES IN ENTERPRISE ZONES
                                                 (Calendar Year 2011 or Fiscal Year 2011-2012)

The Virginia Enterprise Zone Program offers a number of business             Alleghany County/Covington/Clifton Forge (53) (2001)
incentives to encourage job creation and investment within
designated Zones across Virginia. The Department of Housing and              (1) Utility consumer tax reduction
Community Development (DHCD) administers the Enterprise Zone                 (2) Business license tax reduction
Program.                                                                     (3) Real estate tax reduction
                                                                             (4) Machinery and tools tax reduction
In July 2005, the Enterprise Zone Grant Act went into effect. Under          (5) Business license tax reduction
the new program, two grant-based incentives are offered: Job
Creation Grants and Real Property Investment Grants.                         Alleghany Highlands Economic Development Corporation
                                                                             1000 Dabney Drive, Suite 150
There are currently 57 designated Enterprise Zones in Virginia.              Clifton Forge, VA 24422
Enterprise Zones are designated for 10 years with the possibility of         (540) 862-0936
two five-year renewal periods. Zones already in existence prior to
2005 can finish out the remainder of their 20-year designation               Bedford City (12) (2005)
period allowed under the previous program.
                                                                             (1) Business, occupational, license fee rebates
Localities may also offer additional local incentives to qualified           (2) Rehabilitated real estate tax exemption
businesses and investors locating in a Zone, as long as these
incentives conform to the requirements of the Virginia and United            City of Bedford Office of the City Manager
States Constitutions. Localities have the opportunity to amend their         215 East Main Street
incentive packages every 12 months.                                          Bedford, VA 24523
                                                                             (540) 587-6022
The following local tax incentives are offered to businesses and
investors locating with their Zones. In localities with multiple Zone        Brunswick County/Lawrenceville (32) (1996)
designation, incentives may not be offered in all Zones or may
differ within the locality. Additional information about non-tax             (1) Waiver of real estate tax
incentives may be obtained from the Virginia Economic                        (2) Waiver of machinery and tools tax
Development Partnership, the Department of Housing and                       (3) Waiver of business, professional and occupational license tax
Community Development or from the following localities.
                                                                             Brunswick County IDA
Accomack County/Northampton County (26) (1995)                               P. O. Box 48
                                                                             Lawrenceville, VA 23868
Machinery and tools tax reimbursement                                        (434) 848-0248

Accomack County                                                              Town of Lawrenceville
P. O. Box 686                                                                400 North Main Street
Accomac, VA 23301                                                            Lawrenceville, VA 23868
(757) 787-5797                                                               (434) 848-2414

Northampton County                                                           Carroll County/Hillsville (27) (1995)
P. O. Box 66
Eastville, VA 23347                                                          (1) Real property tax incentive
(757) 678-0440                                                               (2) Machinery and tools tax incentive

Alexandria (20) (1994)                                                       Blue Ridge Crossroads EDA
                                                                             1117 East Stuart Drive
No tax incentives                                                            Galax, VA 24333
                                                                             (276) 236-0391
Alexandria Economic Development Partnership, Inc.
1729 King Street, Suite 410
Alexandria, VA 22314
(703) 739-3820 EXT 11




                                                                        70
                                                                   TABLE 13

                                        LOCAL TAX INCENTIVES IN ENTERPRISE ZONES
                                                   (Calendar Year 2011 or Fiscal Year 2011-2012)

Charlotte/Lunenburg/Prince Edward Counties (48) (2000)                      Dinwiddie County/Petersburg (47) (1998)

(1) Real estate tax rebate                                                  (1) Rehabilitated real estate tax exemption
(2) Machinery and tools tax rebate                                          (2) Business, professional and occupational license tax exemption

Charlotte County                                                            Dinwiddie County Economic Development
P. O. Box 625                                                               P. O. Box 70
Charlotte, VA 23923                                                         Dinwiddie, VA 23841
(434) 542-5117                                                              (804) 469-4500 EXT 104

Lunenburg County Administrator’s Office                                     Petersburg Economic Development
11409 Courthouse Road                                                       400 East Washington Street
Lunenburg, VA 23952                                                         Petersburg, VA 23803
(434) 696-2546                                                              (804) 733-2352

Prince Edward County                                                        Franklin/Southampton/Isle of Wight (18) (2011)
P. O. Box 608
Farmville, VA 23901                                                         (1) Rehabilitated real estate tax exemption
(434) 392-1482                                                              (2) Machinery and tools tax grant
                                                                            (3) Electric utility tax rebate
Chesterfield County (21, 33) (1994, 1996)
                                                                            Franklin/Southampton Economic Development
(1) Rehabilitated real estate tax credit                                    601 North Mechanic Street, Suite 300
(2) Business professional and occupational license fees exemption           Franklin, VA 23851
(3) Tangible personal property incentive                                    (757) 516-7709
(4) Machinery and tools tax exemption
                                                                            Isle of Wight County Economic Development Office
Chesterfield County Economic Development Office                             17130 Monument Circle, Suite A
9401 Courthouse Road, Suite B                                               Isle of Wight, VA 23397
Chesterfield, VA 23832                                                      (757) 356-1969
(804) 318-8559
                                                                            Galax (13) (2008)
Danville (1, 57) (2004, 2010)
                                                                            (1) Rehabilitated real estate tax abatement
(1) Rehabilitated real estate tax exemption                                 (2) Business, professional and occupational license tax abatement
(2) Machinery and tools tax rebate
(3) Business and professional license fee rebate                            Blue Ridge Crossroads EDA
                                                                            1117 East Stuart Drive
Danville Department of Economic Development                                 Galax, VA 24333
P. O. Box 3300                                                              (276) 236-0391
Danville, VA 24543
(434) 793-1753                                                              Greensville County (34) (1996)

Dickenson County/Clintwood/Haysi (49) (2000)                                (1) Real estate tax rebate
                                                                            (2) Machinery and tools tax rebate
(1) Rehabilitated real estate tax exemption                                 (3) Business and professional occupational license tax rebate
(2) Machinery and tools tax grant
(3) Real estate tax grant                                                   Greensville County Administration Office
                                                                            1781 Greensville County Circle
Dickenson County Economic Development Office                                Emporia, VA 23847
P. O. Box 1989                                                              (434) 348-4205
Clintwood, VA 24228
(276) 926-1699




                                                                       71
                                                                    TABLE 13

                                         LOCAL TAX INCENTIVES IN ENTERPRISE ZONES
                                                   (Calendar Year 2011 or Fiscal Year 2011-2012)

Halifax County/South Boston (15) (2008)                                     James City County (37) (1996)

(1) Business and professional license fee waiver                            (1) Waiver of consumer utility tax
(2) Rehabilitated real estate tax exemption                                 (2) Property tax rebate

Halifax County IDA                                                          James City County Economic Development
P. O. Box 1281                                                              5308 Discover Park Boulevard, Suite 203
South Boston, VA 24592                                                      Williamsburg, VA 23188
(434) 572-1734                                                              (757) 253-6645

Town of South Boston                                                        Lancaster County/Northumberland County/Richmond County/
P. O. Box 417                                                               Westmoreland County/Kilmarnock/Warsaw (50) (2000)
South Boston, VA 24592
(434) 575-4209                                                              No tax incentives

Hampton (8, 35) (1996, 2005)                                                Northern Neck PDC
                                                                            P. O. Box 1600
(1) Real property rehabilitation tax credit                                 Warsaw, VA 22572
(2) Business license tax rebate                                             (804) 333-1900
(3) Utility tax rebate
                                                                            Lunenburg County/Kenbridge/Victoria (55) (2001)
Hampton Department of Development
1 Franklin Street, Suite 600                                                (1) Real estate tax grant
Hampton, VA 23669                                                           (2) Business license fee waiver
(757) 728-5122                                                              (3) Tax-exempt revenue bonds

Henry County/Martinsville (36, 54) (1996, 2001)                             Lunenburg County Administrator’s Office
                                                                            11409 Courthouse Road
(1) Real estate tax rebate                                                  Lunenburg, VA 23952
(2) Machinery and tools tax rebate                                          (434) 696-2546
(3) Business furniture, fixtures and equipment tax rebate
                                                                            Lynchburg (2, 46) (1996, 2004)
Henry County Engineering and Mapping Department
P. O. Box 7                                                                 (1) Rehabilitated real estate tax exemption
Collinsville, VA 24078                                                      (2) Machinery and tools tax grant
(276) 634-2570                                                              (3) Business and professional license fee grant

City of Martinsville                                                        City of Lynchburg Office of Economic Development
P. O. Box 1112                                                              828 Main Street, 10th Floor
Martinsville, VA 24112                                                      Lynchburg, VA 24504
(276) 403-5156                                                              (434) 455-4492

Hopewell (9) (2005)                                                         Mecklenburg County/Clarksville (56) (2001)

(1) Business, professional and occupational license fee reduction           Machinery and tools tax grant
(2) Rehabilitated real estate tax exemption
                                                                            Mecklenburg County Economic Development Office
Hopewell Department of Development                                          P. O. Box 307
300 North Main Street                                                       Boydton, VA 23917
Hopewell, VA 23860                                                          (434) 738-6388
(804) 541-2220




                                                                       72
                                                                TABLE 13

                                          LOCAL TAX INCENTIVES IN ENTERPRISE ZONES
                                                (Calendar Year 2011 or Fiscal Year 2011-2012)

Mecklenburg County/South Hill/LaCrosse (38) (1996)                       Petersburg (10) (2005)

(1) Machinery and tools tax grant                                        (1) Rehabilitated real estate tax exemption
(2) Business license tax rebate                                          (2) Machinery and tools tax reduction
                                                                         (3) Business, professional and occupational license tax exemption
Mecklenburg County Economic Development Office
P. O. Box 307                                                            City of Petersburg Economic Development Office
Boydton, VA 23917                                                        400 East Washington Street
(434) 738-6388                                                           Petersburg, VA 23803
                                                                         (804) 733-2352
Town of South Hill
211 South Mecklenburg Avenue                                             Pittsylvania County (24) (2010)
South Hill, VA 23970
(434) 447-3191                                                           Local sales tax refund

Newport News (3, 30, 31) (2004, 1995)                                    Pittsylvania County
                                                                         P. O. Box 426
(1) Rehabilitated real estate tax exemption                              Chatham, VA 24531
(2) Local utility tax rebate                                             (434) 432-7974
(3) Business license fee abatement
                                                                         Pittsylvania County/Danville (57) (2001)
Newport News Department of Development
2400 Washington Avenue                                                   (1) Local sales tax refund
Newport News, VA 238607                                                  (2) Machinery and tools tax rebate
(757) 597-2840
                                                                         City of Danville Department of Economic Development
Norfolk (7) (2010)                                                       P. O. Box 3300
                                                                         Danville, VA 24543
(1) Rehabilitated real estate tax exemption                              (434) 793-1753
(2) Business license tax rebate
(3) Local utility tax rebate                                             Pittsylvania County
                                                                         P. O. Box 426
Norfolk Department of Development                                        Chatham, VA 24531
500 East Main Street, Suite 1500                                         (434) 432-7974
Norfolk, VA 23510
(757) 644-4338                                                           Portsmouth (4) (2010)

Orange (39) (1996)                                                       (1) Business personal property tax grant
                                                                         (2) Machinery and tools tax grant
Rehabilitated real estate tax abatement
                                                                         Portsmouth Department of Economic Development
Orange Downtown Alliance                                                 200 High Street, Suite 200
P. O. Box 283                                                            Portsmouth, VA 23704
Orange, VA 22960                                                         (757) 393-8804
(540) 672-2540
                                                                         Prince George County (16) (2010)
Patrick County/Stuart (22) (2002)
                                                                         Business and occupational tax rebate
(1) Rehabilitated real estate tax waiver
(2) Machinery and tools tax waiver                                       Prince George County Department of Economic Development
(3) Business, professional and occupational tax waiver                   P. O. Box 68
                                                                         Prince George, VA 23875
Patrick County                                                           (804) 722-8612
P. O. Box 466
Stuart, VA 24171
(276) 694-8367



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                                                              TABLE 13

                                        LOCAL TAX INCENTIVES IN ENTERPRISE ZONES
                                              (Calendar Year 2011 or Fiscal Year 2011-2012)

Pulaski County (25, 40) (1994, 1996)                                   Rocky Mount (23) (1994)

(1) Real property tax rebate                                           (1) Rehabilitated real estate tax exemption
(2) Machinery and tools tax rebate                                     (2) Personal property tax rebate
                                                                       (3) Business license rebate
Pulaski County Economic Development Office
143 3rd Street, N.W., Suite 1                                          Town of Rocky Mount Department of Community Development
Pulaski, VA 24301                                                      345 Donald Avenue
(540) 980-7710                                                         Rocky Mount, VA 24151
                                                                       (540) 483-0907
Pulaski Town (41) (1996)
                                                                       Saltville/Smyth County (6) (2004)
(1) Rehabilitated real estate tax abatement
(2) Business occupation license fee rebate                             (1) Business, professional and license tax credit
(3) Machinery and tools tax abatement                                  (2) Rehabilitated real estate tax credit
(4) New building tax abatement                                         (3) Machinery and tools tax grant

Town of Pulaski Department of Economic Development                     Smyth County Economic Development Office
P. O. Box 660                                                          P. O. Box 730
Pulaski, VA 24301                                                      Saltville, VA 24370
(540) 994-8631                                                         (276) 496-5342

Richmond City (19, 29) (1993, 1995)                                    Scott County (43) (1996)

(1) Real estate tax abatement                                          (1) Real estate tax exemption
(2) Machinery and tools tax grant                                      (2) Machinery and tools tax exemption

City of Richmond Office of Economic Development                        Scott County Economic Development Office
1500 East Main Street, Suite 400                                       180 West Jackson Street
Richmond, VA 23219                                                     Gate City, VA 24251
(804) 646-3792                                                         (276) 386-2525

Richmond City/Henrico County (28) (1995)                               Smyth County/Washington County/Chilhowie/Glade Spring
                                                                       (51) (2000)
(1) Real estate tax abatement
(2) Machinery and tools tax grant                                      (1) Rehabilitated real estate tax exemption
(3) Rehabilitated real estate tax exemption                            (2) Business, professional and occupational license tax credit

Henrico County Department of Community Revitalization                  Mount Rogers PDC
P. O. Box 90775                                                        1021 Terrace Drive
Henrico, VA 23273                                                      Marion, VA 24354
(804) 501-7611                                                         (276) 783-5103

City of Richmond Office of Economic Development                        Staunton (17) (2010)
1500 East Main Street, Suite 400
Richmond, VA 23219                                                     Machinery and tools tax grant
(804) 646-3792
                                                                       Staunton Department of Economic Development
Roanoke City (5, 42) (2004, 1996)                                      P. O. Box 58
                                                                       Staunton, VA 24402
(1) Real estate tax exemption                                          (540) 332-3869
(2) Rehabilitated real estate tax abatement

City of Roanoke Department of Economic Development
117 Church Avenue, S.W.
Roanoke, VA 24011
(540) 853-5405

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                                                                    TABLE 13

                                          LOCAL TAX INCENTIVES IN ENTERPRISE ZONES
                                                    (Calendar Year 2011 or Fiscal Year 2011-2012)

Tazewell County (44) (1996)

(1) Machinery and tools tax grant
(2) Rehabilitated real estate tax exemption
(3) Real estate tax grant

Tazewell County Office of Economic Development
108 East Main Street
Tazewell, VA 24651
(276) 988-1270

Warren County (45) (1996)

(1) Real estate tax exemption
(2) Business and occupational license fees exemption
(3) Machinery and tools tax exemption

Front Royal/Warren County EDA
P. O. Box 445
Front Royal, VA 22630
(540) 942-6779

Waynesboro (14) (2008)

Rehabilitated real estate tax exemption

City of Waynesboro Office of Economic Development
301 West Main Street
Waynesboro, VA 22980
(540) 942-6779

Wise County (52) (2008)

(1) Real estate tax exemption
(2) Machinery and tools tax grant

Wise County Administrator’s Office
P. O. Box 570
Wise, VA 24293
(276) 328-2321

Wythe County (11) (2005)

No tax incentives

Joint IDA of Wythe County
P. O. Box 569
Wytheville, VA 24832
(276) 223-3370




Source: Virginia    Department      of    Housing    and   Community
Development.

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